May. 31 at 10:33 AM
$ENGN I'm using the weekly chart because IMO this is a long-term swing trade: Every time the price touched the blue trend line or came very close to it AND the KDJ was around 20 or below AND the RSI was at 30 or below, it subsequently rose by 150 to 260% within a timeframe of 21 to 154 days (see the price and date range marked in blue). In addition, there were smaller price increases between 50% and 114% independent of the trendline; see the price and date range marked in orange.
What I’m doing now is somewhat arbitrary, but if you start with the lowest of the blue trendline-depending price increases (150%) and add the longest time period (154 days), then it could happen that at the current level — since we’re back in the range of the blue trendline — the price will be around
$3.70 this autumn. Of course this is a rough estimate and there are no guarantees, but I would already be very satisfied with a 50 to 100% move. Take it with a grain of salt, I might be wrong, so you do you!
