Weekly Chart is forming a cup and handle.
The Conservative Math (Log Scale Chart):
Cup Floor: 40
Cup Top: 55.5
Cup Height: 15.5
Implied Price Target: 55.50+15.5 = $ 71
If you zoom out you'll notice the price target just so happens to be the top of a prior trading range.
The Conservative Math (Log Scale Chart):
Cup Floor: 40
Cup Top: 55.5
Cup Height: 15.5
Implied Price Target: 55.50+15.5 = $ 71
If you zoom out you'll notice the price target just so happens to be the top of a prior trading range.