RE:RE:Very strong technicalsinvestorken wrote: Any thoughts on the potential decending triangle breakout in the 3 year chart?
$3 base rising to $11(but triangle forming on the way down at $9) and bouncing in between that for the last 2 years.
If it creates the pattern in the coming weeks... would the max price target be $11 one year out?
$5 breakout plus $6 height of the triangle?
When I use the 3 year cycle I agree with the observation of a descending ladder complying with a double bottom which is a bullish sign for the present trend. The necessary breakout to $6 can easily happen after the golden cross occurs and the next target will be around $9 as I measure. If things turns out as our poster EStreet outlined a $12 target should not be an issue. Having said that patience is the key and NHC must show the market they can execute smoothly without any hiccups. For all longs it is good to know that time as on our side. Good luck to all longs.