Provided the rising channel is not broken down and by considering the completeness of the bullish butterfly pattern, an attempt at overcoming the cloud resistance is anticipated to take place within a week. Primary target 130.
Hi Aawan. For a decisive trend line (lower channel line) break, I customary apply the 3 day rule. The stochRSI parameters are now changed to a more tight parametric structure (all equal to 3) giving us a balanced picture. Nothing is final yet (meaning a corrective action continuation), particularly when stocks with reasonable P/E ratios are involved (my long term AAPL target is 190 to 200 by 2018).