CHARTS that dont have an past Resistance and Support numbers are very difficult to predict AFTER reaching the last R of 20...
he is GUEssing
...its obvious with his 21, 22, 23, 24 exact dollar figures...
one can estimate a measured target price move...
one has to look at the share structure, how much cash they have, how much valuation the FDA gives, the foreward looking statements...the royalties they bring in...
what is the book value?
now add in the future projections of sales...etc.
too easy to post a pie in the sky chart with 21 22 23 24 figures...
I have been able to, and accurately predict the R and S, and even the pivots, and reversals since the 7 buck level...
I only missed the 9.58 to 9.75 reversal restest, because of that day the news released... news always trumps with fundamentals the TA...however, charts always show where they are headed price wise...
not saying this poster a good chartist or not, just commenting on his prediction of 21 22 23 24...they are just that...picked nos. out of his head.
I have posted the next set of nos... in fact the 13.15 was indeed the next nos. that it pivoted on in after hours friday... there are 4 more up to 20, then blue sky...$$$$$ I will keep posting them and updating my numbers...I have learnt them from excellent traders over the years that used big $ to create the algorithms for such...
glta in your trades!
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