CUP and HANDLE formation on IPG

Here is what I believe is happening.

IPG is in a cup and handle pattern, under going the handle at the moment.

1. its currently short term over sold
2. handle formation has retraced 30% of the cup (so far)
3. price appears to take support on previous upper trend resistance (valid if price does not break through and close below).
4. above average volume
5. would the price break the upper trend channel of the handle? yet to see... next

- cheers
Scorp

Commento:

the stock still seems to keep up with the bullish trend. so things might keep up with expectation.