Looking at the weekly chart we can see the initial consolidation following their IPO. We finally saw a bullish breakout at the end of February which led to an ascending channel that held until August. The recent pullback could've been interpreted as a bull flag pattern that just had a bullish breakout last week as they were preparing for earnings. After releasing an amazing earnings announcement the stock has gapped up over 18% as I write this.
I have noted my price targets using the 61.8% & 100% Fibonacci Extension levels.
I have noted my price targets using the 61.8% & 100% Fibonacci Extension levels.
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