Breakout Chart, page-55

Yes it still stands. It is very normal in a chart when prices retest the support and resistant line to confirm the breakout. In faxt this is what I look for when I buy into a stock as it is the best risk reward situation when the price retest its breakout .With resource stocks it is important to know that they are cyclical. To benefit from resource stocks you need to know where you are at in the resource cycle. That is because they go up and down by a very large percentage over a short time which implies you can be rewarded richly or punished severely very quickly. we have been having a downtrend in resources (base metals) for the well over 10 years. It is my believe that the tide has turned especially for copper.which has just printed a double bottom in the charts.Because of the down trend in copper there has been little incentive to explore for copper for the last 10 years. And now with all this governments interfering with demand for green energy and manufacturers responding to it we can expect copper demand to keep on increasing for the next copper of years.Bear in mind that prices increase a lot even if there is a small supply deficit and when all this new green cars and power generations become a reality there will be a supply deficit.
the chart tells a story. The double bottom in copper's monthly chart is saying the upside is $4.50. This cycles only happens a few times in anyone's lifetime. If we can catch a few of them early it can be life changing.