break out rally on its way

As Fiendishredbeard has pointed out that 1 dollar level has proved to be some very strong support.
The share price has touched $1 8 or 9 times since the resource upgrade rally and the share price has always closed above it at the end of the day.

PVM looks like it has absorbed the recent rally very nicely.

* Has Found support at the 41 ema and is going up again
* Daily Stochastics have crossed back up from oversold.
* MACD is now rolling up looking to cross up from near the zero line.

Mid $1.20 area is still the key for a break out.
With more drilling results scheduled for this month i reckon PVM is getting ready to breakout to new highs.

Love the way this has consolidated and i think $1.65 to $1.70 should be attainable in the next 3-4 weeks.