Technical analysis by BallaJi about Symbol SUI: Buy recommendation (9/27/2025)

Key Takeaways of a Cup and Handle: The cup and handle pattern represents a bullish technical price formation that manifests on a price chart as a cup accompanied by a handle, indicating a possible buying opportunity. This pattern generally develops over a span of seven to 65 weeks and is defined by a "U" shaped cup followed by a handle that slopes downward. In order to trade the cup and handle pattern, traders may opt to place a stop buy order just above the upper trend line of the handle or wait for the price to close above it, establishing a profit target based on the height of the cup. Instances such as Wynn Resorts illustrate how a properly formed cup and handle pattern can lead to substantial price movement once the pattern is validated and the resistance level is breached. However, limitations include the duration required for the pattern to form and the variability in the depth of the cup, necessitating its use in conjunction with other signals and indicators.