We have a bullish flag
. our sharp increase beginning around Apr
1st through the middle of may supported by strong volume
. Our flag pole runs up to our peak, beginning the pennant
, which is looking to converge around $30 within the next week. We see strong consolidation over the last few days in this price range. Once the pennant
converges, look for a breakout and continuation of the sharp run up that or4iginally occurred. We use the height of the original flag pole to set a target. This chart formation is best read over a 12 week period, meaning we could see a target of ~$65 by the end of June.
I'm just some noob, don't listen to me.