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Textbook Breakout above $3 on volume, page-7

  1. 408 Posts.
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    Potential breakout on daily, weekly & monthly time frames. Looks suspiciously like an ascending triangle pattern.
    Possible target = High of pattern + (High of pattern - Base)
    = 3.10 - (3.10 - 2.47)
    = $3.73
    These targets are not perfect but it gives you a rough idea of the profit potential.

    Daily Bar Chart

    IRI Daily Breakout Potential 2017-06-23.png

    Weekly Bar Chart
    IRI Weekly Breakout Potential 2017-06-23.png
 
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