chart breakout, page-8

I tend to agree with the view that it is a bit too early to call a breakout yet. Generally in the books that I've read they've said that large wicks should not be used when drawing trendlines. And remembering that shooting star day on the 16th of November (and how I was thinking of selling at $1.00) the peak above 98 cents to 1.01 was very brief.

Encouraging volume the last couple of days though (three largest volume days in the last two months). My guess is that a break above 90 cents will see it challenge the $1.00 mark with a target after that around the $1.10 level (point of high volume in March and May 2011).