Baristas Coffee Company, Inc. (BCCI)

[jod22]

BTW.

Look at the 2 month chart. It is a classic cup and handle pattern. This stock has the handle now.

If March 10th was one Lisp of the cup, or the first upward trend, The second upward trend or the cup was completed on April 21st. We have now formed the handle.

Based on this formation- we should expect to see the "measure" + top lip = break out point. This would put us at a price target of .26 once this forms the handle and breaks out.

IE- The percent difference from the right cup (April 21st), to the low (April 1st), is around 55%. The cup formation would estimate that our breakout would thus an additional 55% of the right cup lip (April 21st).


The price target math based off the classic cup formation.
.16-.07/.16* 100= 56%

.56*.16= .0896.

.089+.16= .25 price target. This is slightly off because the "Cup" was actually higher (Just now realizing).

That is how HSA came to his price target of .30- for those who think he just pulled it out of his ass.