Chart update.
It is looking more likely that Wave 1 of the overall trend break (red tred line) is complete.
If that proves to be correct then look for a mild ABC (wave 2) retracemnent possibly back to 12.5 - 13.5c and then a resumption of the move higher (wave 3).
Wave 3 is typically the largest move in a 5 wave sequence. Targets on that could be in the high 20's quite easily. A wave 5 would put it over 30c.
It will need pumps on and some good water flow rates from here to generate the start of the 3rd wave IMO.
I see a mild retracement as healthy for the overall positioning structure of the stock after this recent run (shake out the traders from the investors).
IMO
Ann: Jaws-1 Technical Update, page-22
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