MATRIX Penny Stocks

[B.E.O.]

Question about triangles on charts...

When a stock such as PGHI shows such a long developing triangle, my understanding is you take the two wide points of the triangle where they meet and subtract them and then add that number to where the stock is at now.

(If I am wrong about this formula please correct me.)

But what does that number represent, a entry point or an exit point?

Thanks, beo