TARGET 1 POTENTIAL Excellent, there are 1 resistance areas on the way to Target 1.
Stocks may quickly rise to Targets when there are not many resistance areas blocking the way.
TARGET 1 RESISTANCE Current price at resistance: 20.73 ± 0.39, type double, strength 10
+4.1% at 21.56 is Target 1
TARGET 2 Price: 22.25 Profit: 7.4% , Profit/Loss Ratio: 2.2 : 1 - Fair for an extreme rally.
BREAKOUT WATCH for possible breakout above 21.13, no resistance in area just above.
Type: True breakout from double resistance.
Target: 23.07, 11.3% Stop: 20.03, Loss: 3.3%, Profit/Loss ratio: 3.4 : 1 - Excellent
Breakouts are an exception to the normal indicators which can at the same time indicate bearishness.
Breakout stock patterns