SLQT Bullish Pennant
SLQT appears to be forming a bullish pennant near resistance which also coincides with the 1.618 fibonacci level.
The pennant is forming with increasing volume with the ADX signalling a strong trend with a value of 38. OBV confirms the uptrend.
Targeting the length of the "flag pole" from the breakout point for target 1 with target 2 at the gap fill level.
Target 1: $5.06
Target 2: $6.31
Stop: $3.46
The pennant is forming with increasing volume with the ADX signalling a strong trend with a value of 38. OBV confirms the uptrend.
Targeting the length of the "flag pole" from the breakout point for target 1 with target 2 at the gap fill level.
Target 1: $5.06
Target 2: $6.31
Stop: $3.46
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