TOPS hit the first target to the exact cent yesterday for a 60% gain from entry (a move above 1.75). T2 at 5.95 remains the final target for now and the next buy signal will come on a break above the T1 (resistance) level, preferably after a consolidation to work off the near-term overbought conditions. Daily & weekly charts below.
Remember, trade ideas on RSOTC typically list multiple profit targets for two reasons: 1) To accommodate various trading styles, as some traders prefer trades with shorter holding periods and booking relatively quick, shallow profits (active traders) while less active swing traders, trend traders, and investors might prefer trades with larger profit potential and longer holding periods. Some traders might also wish to book partial profits along the way as various target levels are reached. 2) Regardless of one’s preferred target(s), each target level is a support or resistance level that I believe the chance of a reaction (bounce or pullback and/or a consolidation) is likely. This can allow more active, nimble trader a chance to book profits or even reverse the trade (e.g.- long to short) in order to capitalize on a bounce with the intention of recycling back into the position shortly thereafter. Previous & updated weekly charts below.