break out is on - looks good

Here is a 6 month daily chart:




- Has broken out from a descending triangle. Recent low of 0.845 succeeded in closing the gap which had been left in may.

- Has now broken the down trending daily resistance line.


Here is the weekly chart:



- Has broken long term weekly resistance. This is a very important break as the stock failed to break this resistance on 4 seperate occasions over 2 years and 3 months(since listing)

- Resistance lines should now become support. Weekly breakout is suggesting this may be the beginning of a strong multi week run.


- Bullish cross on the weekly stochastics is signalling that momentum is now to the upside, and a multi week rally is possible.





Looking very good - Good luck!