Booyah! Finally ANI broke out of its consolidation and closed the previous trading week strong. It’s going to be an exciting week as I see the bulls to further push the price higher, but don’t get too excited. There’s a high chance that the 31.5 – 33 will get hit but near that level, traders who bought near the top and near 24/25, especially the short term traders may start selling possibly depressing the price between 25 and 26.5. As you can see in the chart below, there’s a  Bearish Gartley that may potentially form if ANI hits 31.5 – 33 in the next couple of weeks. When that happens, you may take some chips off the table then just wait for another opportunity to buy back at a lower price. Sell some, hold some.

My ultimate target for ANI is unchanged at 40.

Potential Bearish Gartley Pattern. Sell 31.5 – 33