RE:Technicals (MY CHARTS AND MEASUREMENTS) As per previous post (below), I believe the stock has broken out of both a Diamond Consolidation Pattern (PT: $1.82) and an Ascending Triangle Pattern (PT: $1.35
Acheived)
Presently, two patterns forming:
1.
Cup with a Handle: START:10 Feb LOW: 5 Mar PT $3.05-$310
2.
Flag/ Pennant: START: Flagpole 26 Mar Break upwards PT $2.80-$2.85.
Break downwards PT $2.15-$2.10
Both patterns corroborate DCP breakout. However, if it breaks downward from the pennant the PT would be $2.10-$2.15. This would represent a re-test of the channel with 182% slope (as per previous post)
The insignificantly low volume of the past week fits with both pennant and handle. Look for elevated volume on breakout up or down for confirmation.
DO YOUR OWN DD, THESE ARE MY MEASUREMENTS ONLY; I AM REMAINING VERY HEAVILY INVESTED HERE (DESPITE B2B BS) Trademark11
1. Diamond Consolidation Pattern (13 Jan/21- 22Mar/21)
Breakout DCP: $2.01 CAD PTQ, $1.61 USD PTQQF
Target DCP : $2.75-$2.82 CAD PTQ,
2. Ascending Triangle (4 Mar/21; apex 01 Apr/21)
Breakout: $2.07 CAD PTQ ; $1.68 USD for PTQQF.
Target: $2.30-2.35 CAD PTQ, $1.85-$1.90 USD PTQQF
3. Trendline Support:
6 touches of lower trendline of channel started March 19, 2020 (PTQ,PTQQF)
Channel CAGR (slope) : 182%
Intra-Channel CAGR (1 year) : 600%
DO YOUR OWN DD, THESE ARE MY MEASUREMENTS ONLY; VERY HEAVILY INVESTED[/quote wrote: