(Click on the Technical Chart Above to Expand)
It has formed a decently significant bullish ascending triangle of accumulation. This is a one-year's worth of strong re-accumulation. The next target upwards will be around $1600, making the upside significant as well. The ascending triangle can also be viewed as a bullish cup and handle. Refer to the projection X based on a current cup and handle as illustrated.
The Donovan Norfolk Technical Rating: