I'm certainly no expert on charting (although I've found it helpful over the years), but it seems the VOC chart is showing a classic Flag or Pennant Continuation Pattern.
"Flags and Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a mid-point of the move."
Using rule of thumb I'd say VOC is headed to $2 (or so) in the next two or three weeks.
Any armchair charting experts care to weigh-in?
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- $2 plus looking good...
$2 plus looking good...
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