chart looks promising

In regards to VMG chart has retreated to 37.5 cents which is the low point on the upward sloping line of the Horizontal Triangle. On closer examinantion the pattern preceeding this was a double bottom OR inverse head and shoulders - basically both are very reliable patterns that confirm a trend change - in this instance from a downtrend to an uptrend. I'm predicting the trading range over the next couple of weeks leading up to the 27th of Aug when the results are released will be tighter and tighter as it approaches 41 cents. Look for volume declining just prior to the break out - another signal...then ofcourse on the breakout volume increases dramatically. 41-42cents is a critical line of resistance given the majority of the cap raising last year was at 42 cents i.e. many punters sell at this level as they are happy to get thier money back, hence the stock overhang at this price