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

Wonder how to calculate a risk reward ratio? Here's a good example with $NOW (ServiceNow) to go through step by step, first on the weekly chart, then we'll zoom into the daily chart. The weekly chart shows a nice uptrend since February 2016. While the last few weeks were consolidating near the 161.8 Fibonacci extension, last week had a nice hammer testing the trend lines followed by this week's bullish candle. The RSI is also in a bullish range, although slightly overbought b