The Idea: Measuring the Breakout
A Price Target uses a simple premise from Point & Figure analysis: the size of a breakout column tends to hint at how far the move could extend. The taller the column that triggered the breakout, the larger the projected target. QuantLogIQ calculates this automatically for you — no manual counting required.
Two Directions
- Bullish Target (shown in green): projected upside level, calculated from an upward breakout column.
- Bearish Target (shown in red): projected downside level, calculated from a downward breakdown column.
You'll also notice more conservative versions of each — targets tied specifically to a confirmed double-top or double-bottom breakout, rather than every minor pivot. These show up alongside the simpler targets and are generally treated as the higher-conviction projections.
How to Use It
Think of a Price Target as a milestone, not a promise. If a fund's bullish target sits meaningfully above the current price, that tells you the chart's own structure implies further room to run — useful context when deciding whether a position still has upside, or when it might be approaching a natural resting point.
Where to See It
Enable "Bullish Targets" or "Bearish Targets" from the chart options on any fund, stock, or index page. Each target is drawn as a bracket from the breakout level to the projected price, with the number labelled directly on the chart.