In the 4-hour chart, the price is moving within a trading range between $21 and $26.50 The flag pattern was completed in a period of time of two weeks. Yesterday the price exploded on the model invalidated the consolidation. This is increasing the chances for more price increases. From the previous analysis, we have had the chance to close twice profits from 28% to 30% and that is not all as it seems.
Despite the fact that it looks like a fake breakout as the price is already inside the pattern, I do not think this is a big issue as the volume is too high and it should move higher very soon.
Even if the price will test the low of the pattern again at $21 we should be ready to buy again and adding into the old positions or opening new once as that looks a very interesting and strong area for the BULLS (buyers).
In the daily chart , we are still bullish as the bigger picture looks really promising for more upside. This small flag was the consolidation above the broken daily structure.
On the weekly chart, the price invalidated the two-week high, reaching another all-time high of 28.75 yesterday.
Targets: 27.80 if we buy lower again at 21 or +31% 32. 40 or 53.55% 35.00 or 65.90% 45.30 or 114.60%