Acknowledged that .55 (although I think it is .56 based Apr 2011's close) is a realistic target, jd5.
I'd argue though that the .55/6 only gets real if .375 is achieved and held. So I'd be calling .55/6 a second target. Please refer monthly below, with partially formed July pattern, of course.
Check out the RSI (green) and OBV (black) in the lower window.The thing is way overbought on a monthly basis, ATM, so, I'd be expecting a pullback at some point (the bollinger trigger finger at the ready, you are not alone there, mate)
Hell though - I've been wrong so many times, I am cool being wrong again, and second target achieved !!!
Disclosure - I've been a holder since 2013, bought on that little uptick there - on a weekly reversal basis, and was too dumb to get rid of 'em when the downtrend continued.
All IMO, please DYOR.
Go well all.
0.55 next month?, page-9
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