RE:RE:RE:Chart pattern
BoredAccountGuy wrote: You can measure the move based on the length of the pattern. The patterns been forming for years in fact. You can draw a downtrend line that it broke out of today from years back. There's an inverse head and shoulders pattern on the monthly chart that's formed over years. This is a very strong pattern that suggests significant upside. $6 is my conservative estimate. I'm looking for $15 within the next year tbh
The shareprice can be guess from a swing move. As for a shareprice after a breakout there's no target to be put on lolll that's the beauty of technical analysis....if you put a price it's because you are mixing value from a fondamental point of view like you were saying about your last post about revenu, Aristotle, 80 million cap, guessing 2 millions in revenues for next quarter...that's all fondamental analysis...that's not technical at all and you are mixing both to guess a target price which doesn's exist in technical analysis as there's no price tag, look at what happen to GME, when a real breakout occurs the sky is the limit, there's no way of guessing a target price in technical analysis :-)