Close to breakout, page-275

I’ve been watching M7T as a potential trade and thought I’d post an alternative view to some of the other technical analysis on this thread.
Elliott Wave suggests M7T is on Wave 5 which is a strong rising wave. It looks like the stock has made a Wyckoff Pattern which (using Point & Figure charts) has a target of $1.27. A recent resistance break pattern suggests a target of $1.31 which I see as a natural resistance level (the red horizontal lines on the chart).
For the Elliott Wave aficionados note how close the Wave 3 peak is to the Fibonacci 261.8% extension of Wave 1 – just where theory says it should be found.
Price is in an uptrend making higher lows and highs which is also a positive.
Anyway, I think M7T looks like a buy so perhaps I’ll take a position tomorrow.