I don't know if that's the only(or the correct) way to get a target price on a break out, but it's a starter anyway. Omni or some one else from the charters here can give some more explaining here. I'm just a TA starter myself :)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.