Here's a daily chart of $NVCR. It has, so to say, done nothing for 7 months (sideways trading). From mid October to yesterday's close, we are looking at an ascending triangle, to be confirmed once the price can breakout of its strong resistance around the 22.50-23.00 level.
If this breakout would occur (remember we are always dealing with probabilities and possibilities, never certainties) we can then "project" a target price a few cents above $30. This target price is derive