Fibonacci price targets for PUMThings are looking on the up and up for PUM in the short term. Of course, it doesn't hurt to have Sprott Asset Management in your corner. Decent volume.
Vertical distance of the ascending triangle: ~10 cents
Breakout price: 24 cents
Price target based on chart pattern: breakout price + vertical distance of ascending triangle = 24 cents + 10 cents = 34 cents
Price targets based on Fibonacci extensions
Target 1
(Vertical distance of the ascending triangle x 161.8%) + breakout price = 16 cents + 24 cents = ~40 cents
Target 2
(Vertical distance of the ascending triangle x 261.8%) + breakout price = 26 cents + 24 cents = ~50 cents
Target 3
(Vertical distance of the ascending triangle x 423.6%) + breakout price = 42 cents + 24 cents = ~66 cents
Caution > Predicting price targets is more of an art than a science.