LTR - Charts & T/A, page-2389

Looks like people want to see and read about bull scenarios, so why aren't we looking at some, because they are real possibilities which could come to fruition! I can easily point to 3 different scenarios, which are all different and have different time frames to play out in, but are all coming to similar outcomes as per my chart with either case, 12c being a simple parallel entry at the breakout line!



1. A Cup & Handle continuation pattern, breakout not Monday, but possibly towards the end of the week, suggested initial target, suggested by the pattern, is about 14.5 to 15c.

2. An Ascending Triangle continuation pattern, this pattern would take into account some sort of longer delay towards the start of July for the release of the results, suggested initial target, suggested by the pattern, is about 14.5 to 15c.

3. A simple continuation of the short term trend with result being release Monday/Tuesday, with suggested targets to follow as per Fibonacci Extension, with 161.8% already reached onward and upwards from there.

So there it is, depending on possible result announcement and on your appetite for risk you either would want to be part of the opening auction on Monday, wait for confirmation and jump in later, take your chance and wait for a retest of the 12c breakout line - it is your risk and your choice!
If there are no results Monday a (false)breakout could still occur for a bull trap so something to consider.
Being spoiled for choice the C&H or the Ascending Triangle patterns could play out, giving you some more time to make any decisions or procrastinate!
Alternatively you could simply dismiss the 3 scenarios above out of hand and do nothing - it is once again your risk and your choice so please DYOR!