VST Tillers completed and crossed a rounding bottom pattern above 3450 on daily charts. At the time of breakout it went up to a swing high of 3790 and is now retracing. Stock price consolidated between 3000-3200 for a few trading sessions before the latest breakout. Range of rounding bottom is from 2200 to 3450 which provides a distance of 1250 from bottom of pattern. Adding that to breakout level of 3450 provides target of 4700. Usually these are rough back of the envelope calculations and actual targets may vary from these levels. On longer term charts too it posted all time highs and is consolidating now. I do not track it fundamentally so not much idea, but any stock that clears all time highs bears watching closely.
Subscribe To Our Free Newsletter |