Chart of the Day: Polaris

I like this chart of Polaris, after all it has one of the best predicative patterns in the world of chart patterns, the cup and handle.  The requirements for a good cup and handle:

1. Previous uptrend
2. Cup/Base needs to be about 14-25% deep ( shallower the better) and at least 3 months long.
3. Strong breakout of base on volume
4. Handle that pulls back no more than 5%

That is what you have in the the Polaris chart below

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