Alt stock price from a chartist perspective

From a chartist perspective, alt stock price has formed a bullish pennant pattern on the daily chart, generally seen as a continuation signal if confirmed by a breakout with volume expansion. This marked a significant reversal from the lag in stock futures on Tuesday overnight following the federal government shutdown . However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces. The alt stock price currently sits above both its 20-day and 200-day moving averages, a bullish formation often seen as a confirmation of an ongoing upward trend in equity markets.