Chickpea, I looked at the chart going back to the gap up in November and there appears to be a rough cup formation that can be drawn under the candles since then. I think this is more significant than a very small cup with handle pattern that has taken shape over the past few sessions.
I am hesitant to make a prediction as to how high the pps can go. Already, just today in the pre-market, there appears to be some positive reaction to yesterday's slide presentation (Seeking Alpha sent out the presentation this morning). As news and events (i.e., aspects of fundamentals) trump technicals and charts, it's very possible that the cup formation that is currently on the daily chart could very well be blown out of the water at some point.
Hope this helps.
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