$BAKE - in a pennant looking to breakout to the upside to complete the Elliot Wave 👀
The final leg up is expected based on Fib extension targeting $0.34 (1.618 Fib level).
$BAKE could rise above $0.34, with potential upside targets around $0.36 to $0.40 based on extended Fib levels.
If the pennant breaks down, there may be a corrective move down to $0.2580 to test lower support levels.
If a noticeable increase in volume occurs as price moves towards $0.29, this would signal higher probability of breaking through resistance and completing Wave 5 towards the $0.3439 target.
If the breakout is accompanied by low volume, this could result in a false breakout, leading to a potential retracement.
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