2 different trading techniques pointing to the same outcome
Remarkably, there are two very good reasons to believe that this shattered and oversold blue chip stock may double in the coming months.
1. Price is comfortably inside the pitchfork, meaning that a break of the median line gives it an 80 percent chance of hitting the top of the pitchfork.
2. If the downward channel (Yellow) is represented accurately - a yet unproven scenario - a break of that channel would also double the price.
That gives us a target of $180.00
1. Price is comfortably inside the pitchfork, meaning that a break of the median line gives it an 80 percent chance of hitting the top of the pitchfork.
2. If the downward channel (Yellow) is represented accurately - a yet unproven scenario - a break of that channel would also double the price.
That gives us a target of $180.00