ABC BullishPenn has broken long entry level. Possible stop under C or under last pocket pivot (green triangle). Target is D
Targets calculated using the AB leg and projected from C. The target is D. AB does not always equal CD. D can be less AB length or an extension of the AB leg. If Targets 1 are the .382, .618 and .786 of the AB leg.
No recommendation.
Short interest is 9.46%
Trends can come unexpectedly, unpredictably, and they can get old just like we do.