POT recently formed a big triangle (it's more apparent on a weekly chart). I see this as a beautiful triangle formation because of the 5 legs inside the pattern, with clear strong buying support at $50. Notice how choppy prices have been moving while inside the triangle. That tells me it is consolidating and resting for a big move up.
The recent price action bursted outside of the triangle and prices are looking to move higher. With a big triangle breakout like this, POT can easily reach the apex of that pattern, around $63, if not more.
Join me on Facebook: on.fb.me/iZqX94
Disclosure: I am long POT.