In this chart we're looking at AAON on the 1D chart as price has consolidated into a rectangle. Price has broken out through the horizontal boundary at $52.50 and has confirmed the breakout by breaking through the $53.29 area.
This rectangle has a price target of around $61.67 for about a ~17.5% gain.
This chart pattern breakout is occurring above the 200EMA, so the probability for price continuing to the upside is even higher.
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This rectangle has a price target of around $61.67 for about a ~17.5% gain.
This chart pattern breakout is occurring above the 200EMA, so the probability for price continuing to the upside is even higher.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way!
Cheers!