That's a good example and I hadn't picked that one.
The neckline looks to be around $16 to $16.50 maybe. So say $16 neckline minus the $9 low gives a $7 range. $7 + $16 neckline gives a target price of $23 which is exactly where it went to.
The breakout on 18th May had a volume of 36,000 which was reasonable for that period.
Here we are almost exactly 1 year on with a very similar pattern. Let's see if there is a breakout of $25 this week : )
That's a good example and I hadn't picked that one.The neckline...
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