Grab a daily for JMS. It that a breakout to the upside from a descending triangle or am I going blind?
OK - baseline 33c hit twice on 20/12 and 4/1. Descending upper trendline hit twice on 28/12 and 12/1.
Lets see - orthodox target is 42.5 - 33 =9.5 + 36.5 = 46 cents.
It looks pretty neat. Almost a textbook example. Of course a much more bullish interpretaion would be to construe the triangle as a flat sided or irregular pennant. Price target would be considerably higher.
calling all techies upside breakout
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