break-out ?

Dear All
Basis daily sp chart, we have seen a clear break of the 12 month “down trend” to the upside on good volume, this gives me confidence that we are in the early stages of a trend reversal.

While I still consider this, an early call, there is clear evidence that key negative factors which held the sp back, are vastly diminished, and positive company specific fundamentals are now coming into play (production ramp up, sales etc etc).

I would like to see a sustained price/volume action up to the $0.80–0.85 level, to be more confident of a long term trend change. This must also be confirmed by a significant reduction in the "shorts" positions, currently 10.36 %

In the meantime, lets enjoy the “shorts” covering rally.
Here is the latest Short Position report

Published by: By Andrew Nelson FN ARENA (8/5/2013)
Top 20 Largest Short Positions:

Rank Symbol Short Position Total Product %Short
1 JBH 18030259 98947309 18.22
2 FXJ 399880361 2351955725 17.00
3 MYR 88749622 583594551 15.21
4 ILU 58925954 418700517 14.07
5 PDN 106707709 837187808 12.75
6 FLT 11688016 100414455 11.64
7 MND 10513020 90940258 11.56
8 LYC 203183057 1960801292 10.36
9 DJS 55005902 531788775 10.34
10 WHC 100008725 1025635023 9.75
11 CSR 49122918 506000315 9.71
12 ANN 11141806 130841339 8.52
13 MTS 74610923 880704786 8.47
14 WSA 15938357 196843803 8.10
15 HVN 84736748 1062316784 7.98
16 TRS 2026798 26092220 7.77
17 COH 4386104 57040932 7.69
18 KCN 11384803 152191905 7.48
19 WTF 15736678 211736244 7.43
20 CAB 8771939 120430683 7.28

Please do your own research, I have been wrong in the past.
Cheers
Huckle