One of the hardest things for investors is to determine a stock target price. Once a stock does breakout from a favorable chart pattern the question is how high will it go? That is usually a very hard question to answer.
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Stock Target Price - how high will it go?
One of the hardest things for investors is to determine a stock target price. Once a stock does breakout from a favorable chart pattern the question is how high will it go? That is usually a very hard question to answer.
There are a few things as an investor that you can look at to determine a stock target price. These include previous resistance zones, longer term moving averages and Fibonancci Retracement Levels.
Let's look at an example. Amazon (AMZN) completed a longer term Cup over a 2 year period and then developed a 4 week Handle (H).
In this case the projected longer term stock target price for AMZN would have been in the upper 40's which coincided with its longer term 38.2% Retracement Level calculated from the early 2000 high to the Summer 2001 low.
