Hello Roy, how do you get to the price target for SWKS. When I measure the depth of the rectangle here I got just 130 target area. Thank you for the learning. Best wishes Florian
The difference comes from how the depth is measured. You measured it in points. I measure it as a percentage: from the lower boundary to the upper boundary, the rectangle is about 78% deep. In theory, the same percentage move projected from the upper boundary gives the price target.
Hello Roy, how do you get to the price target for SWKS. When I measure the depth of the rectangle here I got just 130 target area. Thank you for the learning. Best wishes Florian
Hello Florian,
The difference comes from how the depth is measured. You measured it in points. I measure it as a percentage: from the lower boundary to the upper boundary, the rectangle is about 78% deep. In theory, the same percentage move projected from the upper boundary gives the price target.
Best wishes,
Roy
Thank you Roy for the help. Really appreciate. I just took the measure from Edwards/ Magee in points. Best wishes Florian