Currently long on a "front-running" trade for this triangle pattern. (vantagepointtrading.com/anticipating-chart-pattern-breakout-direction/) After a strong run higher prior to the pattern, looking for a continuation. Will be watching for confirmation with a break higher out of the pattern, and may add to the position at that juncture.
There are two targets posted. One is very conservative just in case the sector doesn't move up or the breakout is weak. If the breakout is strong (strong price move with strong volume, and the sector is moving up with it) then will be looking for the higher target.
Got out of this on March 22. Didn't like how it moved toward a recent low after a failed attempt to move higher. Took a small loss. Also didn't like that it failed to move up when several other weed stocks were strong. If the stock was strong it had its chance to run, but couldn't. Cut the loss early. As of March 25 is moving below prior lows.
May get back in, but for now, out.
May get back in, but for now, out.