ILMN 20 year trend analisys yields 655 target in two years

The last 21 months have seen a wide volatile consolidation within 19 year rising channel. Ultimately, upside breakout is only a matter of time. The fundamentals for this company are just great. Let's be conservative and assume that the resistance drawn from 2000 highs (black trendline) will prevent prices from EVER reach rising channel resistance again. Even so, 2.618 fib extension of the July '19 - March '20 bear market\correction can be reached by May 2022 (red line at 655). IF thet black trandline is broken in the future, ILMN will reach 655 much sooner and ultimately run much higher. Intermediate targets along the way: 440 (se my other post); 481 is the 1.618 fib extension; finally, if we consider the daily lows of Feb '18 and March '20 at 209 as a double-bottom, and the highs of July '19 as the breakout point, we get a measured target of 547. All this targets and breakout points are calculated based on DAILY closes, even if the chart posted is weekly.

Full disclosure: currently holding ILMN at 1.1% of total assets with no stop. Will increase exposure should there be a great entry point. In that case, an update will follow.