I expect 2-4 wkks consolidation at this level, then continuation northward. Has formed a sound technical base. Monthly triangle formed 11/03 - 11/05, Weekly triangle from 04/05 - 11/05. Has now broken out from both formations and travelling nicely on both weekly and monthly indicators. Monthly MACD bottomed in Jan and is turning . Weekly MACD bottomed in July and also travelling nicely, in steady incline. OBV on all tiomeframes good. DMI good across all timeframes. Parabolic SAR is north on daily and weekly and only a mtter of time for Monthly ti catch up. Bollinger Bands on daily and weekly indicate good consolidation. Unless theres some fundamental problem, I see this thing going in only one direction- but patience is required at thus point... hope this helps
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I expect 2-4 wkks consolidation at this level, then continuation...
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