Traders like simple and obvious profit targets like significant numbers. Stock prices often gravitate towards big fat numbers and price benchmarks, for example, a stock that runs from $15 to $20 and breaks out again might be able to reach a significant price level like $25 and eventuall $30 etc... Pay close attention to the price scale and identify if support/resistance zones are forming at significant price levels, typically whole numbers, that end in $0 or $5 for example, $50, $55, $100, $10 etc... If there is a history and pattern of pivots forming at fat numbers then targeting those significant price levels is technically sound.
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