3 wly chart basing pattern

1. Definite 'W' Basing Pattern established
2. Faster Moving Averages confirm the Base
3. Price closing above MA's
4. Currently attempting a Higher Double Bottom ~$1.60
5. Because of the Down Trending Channel Resistance Line,
I would set a Price Target of ~$4.00.
A Break Out [on Volume] above ~$4.00 would signal a rally to ~$5.40 / ~$6.50
[The Uptrending Channel Limit is ~$6.50 @~June '10]
[The Fib. Projection [423.6%] is $8.20,
however this looks very 'Pie in the Sky' at the moment]
I have to say I like it so much that I will place a Buy order today [Thank you Susan]
Sell Limit $4.00 [probably achievable by end DEC '09]