chart 230310

Ascending triangle breakout!



Trying out my new Charts :)

MACD signal confirmed turning positive.

Boiler bands tightened at two points illustrated by brown rectangular boxes followed by breakouts respectively.

ADX indicator showing strength in the current upward trend.

Fibonacci extension from swing low to swing high to swing low indicates that my first target of $0.77 could be reached very soon on a purely technical perspective.

Uptrend channel maintained. Looking forward to higher highs and higher lows.

"Mr Mphahele added, based on the very positive BFS findings Nkwe will fast track finalisation of the Joint Venture with Xstrata and completion of the optimised BFS (scheduled for April 2010) to enable an accelerated project development timetable." - Looking forward ladies and gentlemen :)

All the best to all holders

LM