Cup and handle has broken out a while ago with the breakout implying a target price of around 24.
The first price target at 35 has been reached and I believe now its in a contemplation phase before the next downwards stage.
Next few weeks should be telling.
Once 24 is hit, I expect a rebound to at least $40.
The first price target at 35 has been reached and I believe now its in a contemplation phase before the next downwards stage.
Next few weeks should be telling.
Once 24 is hit, I expect a rebound to at least $40.
Comment:
Might come up to 42, before downtrend continues.
Comment:
first price target hit. The buying begins