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By a chartist's point of view, it looks like we could take some time to build the right side of the "W" pattern we are making. Hopefully, sooner than we think. Afterwards, then maybe on to new highs...
Well, if it forms a somewhat symetrical W, that would be 20 or 25 days to go from my 5.58 average to 8.00, for a 40%+ gain. Even if it's 40 days, that's still fine with me.Whether it might break to new highs or not, it is way too soon to tell.
a double bottom with a CAT headed middle pattern. Very rare, very rare indeed. The last time I saw this on a three month chart the stock took off to a 600 % gain. BUY-BUY-BUY