Using the breakout point of 18 with the height of A to B (5.5), this gives a conservative price target of 23.5. Using the top of the pennant, a bullish target of 26.5. Using tradingviews new VPRF tool (free to all users), analysing the pennant indicates a great amount of buy up than sell down. All good news, lets see where the next consolidation zone starts! :)
If this is in play, then a potential 13-15 cent target may play out. With news being driven late into the year. There is only upside for this stock. Stop would be below the break point, to play it with some caution.
I'm really interested to see how this will play out, a close on the weekly above the neckline will trigger entry. I would still want to see OBV rising.
