This is moving higher as it breaks its most recent resistance, making it the new support.
My target is 5.45 - we're coming up to a long term high established back in January 2021 at ~$5.52 and that reeks of resistance!
1) Tests ~$5.52 and is rejected to retest a lower support/resistance level before climbing back to retest $5.52
2) Tests to ~$5.52, is...
This has been bouncing around this box for a while and it may be ready to break out. I'd expect to see volume above the moving average and I'm setting my price target at ~20 (near the 1.618 Fibonacci level).
Which gives us a $6 upside.
After watching the swings on this stock for the past 62 days - I'm hopeful that this next upward swing will be what it takes to break up and out beyond the $14.30 resistance level. When it does, I'm looking for this to reach $18-21/share.
PTs are ~15. ~17 and then ~21/share.
Buying this on the dip - my price target is ~9/share which will give me ~40% profit.
This has been on my list for about a week, just looking for an entry point. If you're able to get in anywhere in the two demand zones (green boxes on the chart - especially at the 5.25 level), I'd say go for it - I am.
Earnings coming up, so be cautious.
Fibonacci price targets (PTs) match up with the previous peaks, which should offer some resistance before continuing its upward movement.
Looking to get to the 1.618 PT (~$5) before a meaningful retracement.
Future PTs at 2.618 ($6) and 3.618 ($8) also tie back to 1++ year highs making up a larger cup.