u could make an arguement for the hourly chart as a 'BULLISH FLAG' chart based pattern, with the height of the 'flag'............. the 3c height of the flagpost (from 10-13cents)...........to be repeated, on a break of 13.5 cents on volume (which is what we have had), to give us an immediate target of 16/16.5 cents, and then go from there.
Depends whether you want to treat this as a short term momentum play, or a long term trend trade. The type trade is in the eye of the holder.............although the reality rests with the market.
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NUH - Charts, page-1279
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