Post by
firemonkey on Apr 18, 2006 12:02am
Target 25 cents ...
With the right lip of the 'rounding bottom' pattern at 13.5 cents, and the bottom at 2 cents. The minimum upside can be estimated by adding this difference to the price at the right lip. This equates to a minimum target of 25 cents [(13.5-2.0)+13.5]. It may come if and when MIP releases some very positive news. IMHO.
Comment by
momo on Apr 18, 2006 12:52pm
When your target ???
Days ?? Weeks ??? Years ???
Thanks!
Comment by
firemonkey on Apr 18, 2006 10:54pm
One cannot really tell if and when the upside target price will take place. I'd speculate that it might take 6-12 months.
A good reference book would be the "Encyclopedia of Chart Patterns" by Thomas N. Bulkowski.
Good Luck !