StageZero Life Sciences Ltd T.SZLS

Chart pattern

[BoredAccountGuy]

Go check my posts. Major breakout today. Highest volume in a while. Break of the long term downtrend line coupled with hitting 52 week highs and breaking the previous 1.35 weekly resistance area. I stand with my technical analysis target of $6.20

[MarketMoney]

I'm still amaze how you can put a target price? In technical analysis I don't see a way to determine a target price unless you do a fundamental analysis? Are you sure you are not mixing both analysis? The only technical shareprice I can guess is the support and resistance from the charts for the weeks to come. Another shareprice I can estimate is when a swing trade is done. That's the

[BoredAccountGuy]

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

[MarketMoney]

  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

[BoredAccountGuy]

There is a way though. By measuring the length of the pattern and using that same length to measure the height of the breakout target. It worked with Namaste when I bought at 25 cents years ago. The pattern suggested it was an easy 10 bagger, but it ended up going even further. I understand why you're saying but I've found from past experience that there is a measurable length to identify

[MarketMoney]

  ok I understand your point, if your'e refering to a resistance create from a few years ago(which you call patern) I agree with you can guess when the top resistance would be set, which you call it target, I call it resistance....different word but same thing. As for a price target like you see from financial analyst, they don't have a choice to look at the fondamental of a company