STP is breaking out of a pennant on the hourly chart (right). Note, too, it appears to be forming a cup, but without indication of a handle, yet. The target for the pennant break out is 25. Longer-term charting (left), shows STP has been in a flat consolidation since early May, and appears to be attempting a breakout of this, more-powerful formation. Should this breakout occur, the target is 27.
Point & figure charting targets 34.50.
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