22nd Century Group Inc (XXII)

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FWIW I have been watching this stock as a learning example as to how well pattern break outs work and how close it comes to a measured target. Here's what I've seen so far, close to a perfect text book example. Congrats to all!! Thought I would share some ideas for those that like to trade patterns.

If someone would have traded with $10,000 at the buy trigger, the result at taking profit at the measured target of the 1:2 risk/reward formula would have been $5,222 profit in 6 days in August


$15,222 (10,000 + 5,222) invested in late August would have been $3,382 profit


Or if you would have stayed in the trade since there was another channel pattern break out during the previous trade above, it gave a target of 3.24 and that would have meant a $6,697 profit on the $15,222 investment from above chart.


Current chart

weekly chart