looks like it has broken its downtrend, page-3

Hi Kohnicky,

We got to $2.75 easily enough.

The downtrend channel from Jun07 had width $0.80, so that gives us a target of about $3.00 from the breakout at around $2.20.

There has been another small channel forming on the daily chart through the lows of 9Nov07 and 19Feb08 with the highs of 13Dec07 and 13Mar08. This could explain the trading ranges of the last couple of days, and gives a target of around $2.95.

$2.95 is an old support line, and it is also a 38% fib retracement from the previous highs, so this is my first target,