Time again for the HUI monthly chart with Cup & Handle and measured upside target.  To this point we have followed the ‘3 Snowmen (888)’ because I think it is a cute way to keep HUI’s huge upside potential on radar. But the target is actually more like 1000. If you are a gold stock bull – and please don’t take my word for it, NFTRH is just one publication with its own viewpoints, among many and disciplined research should consider many different angles – then you probably find this big picture compelling. You view the Handle consolidation (if that is indeed what this is) as an opportunity to be positioned for that unknowable time in the future that it may break upward.

An easy way to look at this is to put a mental ‘STOP’ just below the confluence of the Handle, the moving averages and the visual shaded support area. So how about this for a range of perspective on the HUI? 15 minutes all the way up to monthly.

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-- Posted Wednesday, 22 February 2012 | Digg This Article