if price follows the channel it should go up to about 17, but using the triple top the price target is about 13. what am i missing here? thanks in advance
Seeing as there has been a consistent decrease in volume since about January and the MACD looks ready to head up, seems to me like a pennant is forming and you will probably start to see some consolidation around $16 or so at some point maybe in a month or so. After a conslidation period, I would look for volume to begin to rise and then be ready for a quick break up or down. Unfortunately, it does look like a triple top however so I wouldn't be surpirsed to see a break to the down side.