RE: Fibonacci price targetsOops....typo for Target 3 in the Fibonacci sequence. X = 1.27 cents >> Should read as $1.27
Things are looking good for GBB in the short term.
Vertical distance of the ascending triangle: ~30 cents
Breakout price: 79 cents
Price target based on chart pattern: breakout price + vertical distance of ascending triangle = 79 cents + 30 cents = $1.09
Price targets based on Fibonacci extensions
Target 1
(Vertical distance of the ascending triangle x 161.8%) + breakout price = 48.5 cents + 79 cents = ~$1.28
Target 2
(Vertical distance of the ascending triangle x 261.8%) + breakout price = 78.5 cents + 79 cents = ~$1.58
Target 3
(Vertical distance of the ascending triangle x 423.6%) + breakout price = $1.27 + 79 cents = ~$2.06
Caution > Predicting price targets is not an exact science.