STB's chart is looking good. We have just had confirmation of an...

STB's chart is looking good. We have just had confirmation of an Inverse Head and Shoulders formation - a classic reversal formation.

This Inverse H&S has been two years in the making.

Volume has picked up markedly since the base of the 'head' was formed (the 15c low). That's a great sign imo.

The Inverse H&S follows on the heels of January's bullish breakout from a four year downtrend channel (all the way down from the $5.78 peak in 2011).

Note: a daily close back below 29c would probably indicate we've had a false break from the Inverse H&S - and that we'll probably have to wait a while longer for the next leg up.

This analysis is based on a logarithmic chart.