Maybe a “cup and handle” pattern in URW?

Maybe we can see a break in the cup and handle pattern soon on the Unibail Rodamco Westfield stock. I personally believe URW will break the pattern upwards, because of the high dividends and the price drop harsher than I think is needed. The Net Asset Value is almost 4 times the current stock price and the dividend would be 18,6%. They decided not to turn out dividends, which may be a positive decision to overcome liquidity problems in the future.

I am relatively new to making these kinds of analysis but would like to hear your opinion on this analysis.