Originally posted by Lyehopper
Well, you are correct in that PTSI has busted out of a long 42 month formation. It is actually a triple top bust out, as well as the cup with handle. (The significance of the triple top bust out is that represented very stiff resistance, and PTSI was able to overcome it. It is now support, Mildred!).
In any case, I expect a retest of the support, and if PTSI can pass that test (probably will be tested July 5), then I expect PTSI to attain the 1st target of $32 perhaps by Friday. The second target is much more significant: $44.
The only issue I see is that this is an absolutely huge formation, and therefore, may take 42 months to reach its target!
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