rkjk,While there is some merit in your argument especially re...

rkjk,

While there is some merit in your argument especially re the double top, is it not also a little premature to predict it will 'drop like a thud' on the basis of a 3 month old steep uptrend line?

For the recent uptrend to have continued, the stock would have had to increase at the rate of about $1 per month - clearly it was too steep and was destined to 'break down' at some point soon. Hence, it now needs a more sustainable flatter uptrend to be established.

Some other important technical indicators also show it to be in uptrend (ie the 30 day moving average has been respected and is still clearly above the 200 day m.a.) while the all important RSI is near 50 meaning it is neither overbought or oversold.

Personally I think the greatest 'sell' indicator MIGHT BE that just about everyone on this forum (and in the market too) is shortly expecting a massive resource upgrade ie it might be a case of buy the rumour sell the fact - but as a long term holder i hope i am wrong.