There's a a lot of traffic here about LTR having made a pennant...

There's a a lot of traffic here about LTR having made a pennant pattern. However, it all refers to a daily chart and no such pattern exists on the weekly. My formal trading was that patterns generally require 2 weekly peaks and 2 troughs on each boundary to be considered valid. That's not to say daily patterns don't work - they just don't work as reliably in my book.
While price has broken out of the daily pattern with gusto and presented a possible target of $0.38, in this instance there are other charting methods that confirm that probable target - so pennant or no pennant it looks like having a high profitability of moving up. With LTR being at an all-time high there won't be any unhappy shareholders out there, under water and looking to unload - so little selling pressure apart from a few profit takers. I have a conditional buy on LTR.