Bullish Case Rising

A close above 8.6c would unleash such momentum that I will state that 10c would be seen in quick time. The shorts which includes GO have their stops sitting anywhere between 8.8c and 9.2c depending on their risk and pain thresholds. The monthly chart is bullish. The weekly chart is bullish but trading in a 13 week side ways channel. The daily chart is similar to the weekly except the daily is showing divergences in the indicators.

The bears would be hoping on bad news re: VR-1 carbonates which may result in the sp trading back down to the support level at 7.3-7.5c area. Realistically, unless FAR announce a capital raising at 7.5c or lower the three charts below point to an imminent breakout occurring sometime in April. A close above 8.6c would indicate that the bulls have the shorts in trouble. A breakout above 9.2c would more or less guarantee 10c being hit either that day or within days.

The shorts are hoping and praying for one of the following;

1. FAR announce capital raising @ 7.5c or lower;
2. VR-1 carbonates unsuccessful;
3. Black Swan Event.