Ive been waiting patiently for this one to breakout.. Entered earlier in the week @ 54c when I spotted the pennant forming on the charts..Hit a low of 52c today before seeing buyers swarm in during afternoon trading to push it up to close @ 56.5c which in turn confirmed a breakout.
There is resistance @ 60c from the recent high a few weeks back, but the pennant break gives me the indication that will see that price smashed with a target as shown on the chart below of 78.5c or there abouts...
In addition I have noticed a gap in the charts from back at the beginning of 2008 between 65 and 70c which needs to be filled..
Im sticking with a short term target of 78.5c..
Cheers
Kevi![]()
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