We have a bullish flag. our sharp increase beginning around Apr 1st through the middle of may supported by strong volume. Our flag pole runs up to our peak, beginning the pennant, which is looking to converge around $30 within the next week. We see strong consolidation over the last few days in this price range. Once the pennant converges, look for a breakout and continuation of the sharp run up that or4iginally occurred. We use the height of the original flag pole to set a target. This chart formation is best read over a 12 week period, meaning we could see a target of ~$65 by the end of June.
I'm just some noob, don't listen to me.
I'm just some noob, don't listen to me.