My mate bobcock rang me this morning for a chart. After looking at monthly, weekly and daily charts I told him it was all looking good, very bullish
The most interesting thing I found was on the weekly chart below. The last time the stochastic went so high it stayed there for a 41 week rally. There is a possibility that you could see a repeat of that; patterns often repeat. So technically, $15 later in the year is a possibility and it would coincide with the 138% fib level. The uptrend saw a slow and steady 55 week consolidation/pullback, a healthy and necessary thing to go forward again.
Anything can happen, this is only one possibility. The biggest test of this stocks strength will be whether is can break the high at the $11.50 area. THAT will be the make or break.
EXT Price at posting:
$9.43 Sentiment: None Disclosure: Not Held
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