Yeah...The rectangle pattern break today gives a TA target of $3.04...TA target prices are not resistances they are a rule of thumb mathematical lines in the sand which say that there's a 70% chance NZR will reach this price..
Resistances alter the probability and TA target and Fibonacci boffins will no doubt apply all sorts of complicated formulaes to exact a more "effective" probability figure.
I like to apply the KISS method... In NZR case there is an old historic resistance at $2.90 and another larger historic resistance at $3.20 ..so TA target of $3.04 looks 70% obtainable.
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