I'd like to underwrite Charlie's sentiments and also add a slightly different perspective. I agree that short to medium term this stock is likely to come out of the flag pattern on the upside, however there is scope for some more weakness first - down to the other two resistance levels of $8.30 and perhaps even $7.14.
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Once the momentum is going the right way I would also set my first target at around Charlie's suggested target of $12 - although my valuation comes out at a fair price of (only) $10/share, based on a net profit estimate of $25m for 2015-16 and a 31% dividend payout ratio.
Cheers
Hans