Just came across this today. Incredible long-term investment, completed and confirmed bullish cup-n-handle formation to $120.
Measure the low-to-high of the cup at a 90° degree angle as if it were straight. Now, because the formation is a little obtuse, what you wanna do is use the same trajectory as the second quarter of the cup (before the handle), and continue the trajectory upward by equal distance from breakout point (as measured in the cup). It is highly likely to arrive at the calculated target.
Always loved this company, they deserve this great formation.
Measure the low-to-high of the cup at a 90° degree angle as if it were straight. Now, because the formation is a little obtuse, what you wanna do is use the same trajectory as the second quarter of the cup (before the handle), and continue the trajectory upward by equal distance from breakout point (as measured in the cup). It is highly likely to arrive at the calculated target.
Always loved this company, they deserve this great formation.