Thanks Hingdog and FullMoon for your charts.Friday's breakout...

Thanks Hingdog and FullMoon for your charts.

Friday's breakout could have three targets mid 70s, mid 80s and 1.00. I'm most confident about the mid 80s.

I've attached a couple of daily and weekly charts.

If the recent consolidation on the daily chart represents a band or channel then we're looking at a target around 76 cents. Wouldn't be surprised if we get there in the next few days. In the bottom panel MACD is about to cross into positive territory a day traders buy signal. If it's an ascending pennant we're looking at 85 cents (chart 2). Interestingly on this chart the 100 day MMA is crossing over the 200 day MMA a long term buy signal.





The ascending pennant is more obvious on the weekly chart below plus the 20 week MMA is crossing the 100 week MMA another very positive signal. To be confident of the $1.00 target I'd prefer to see an unbroken mast all the way to the top of the formation nonetheless a strong PFS and an offtake agreement or two just might do the trick.

Since February daily volumes have behaved in textbook fashion and confirm Friday as a breakout.



Looks like a re-rating could be on the way.