I still own CTB with an avg price of 21.80. I currently have my stops set @ 19.20.
You can see there is a Cup and Handle type formation and a couple of inverse H&S as depicted by the white ovals. Look at the increase in volume on the push higher and now we are seeing a decrease in volume as it consolidates via a bull flag type. I am looking for this thing to push the Cups measured move of $5.00 which gives me an ultimate target of $26ish.
My targets are as follows,
The 127% Fibonacci extension = $22.37
The 161.8% Fibonacci extension = $24.04
Cup and Handles Measured Move = $26.00ish
If the position starts pushing up I will trail my stops accordingly
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