I was looking back through my ideas and realized I didn’t see a published version of the breakout targets for the weekly bull flag I’ve been watching for awhile now…So I decided to post one now. I’ve been saying this for months now but once we flip the top trendline of the channel which is also the flag of the bull flag to solidified support thereby confirming the breakout that we had 2 huge targets to look forward to. The first one around the 64k level is the breakout target just for the channel itself. The bigger target at 97k is for the entire bull flag. As with most pattern breakouts on this large of a time frame it can take multiple months sometimes to reach the full breakout target. Rest assured though we have most definitely confirmed this breakout and we should hopefully see the channel target reached in the next few weeks and the flag target reached within 2 months time. Just a rough estimate on my part but I’m confident we will eventually reach both targets.
Komen:
Nearing the channel breakout target.
Komen:
Hit the first target around mid October.