Chart has a nice shape. All EMA's intact. Previously tested 50 - 100, had a stab at the 200 Aug 11 and bounced nicely. Also broke 200 in May and bounced strongly.
Ideally, break through $1.18, reach higher then retest the breakout resistance/support white line and consolidate before moving on. Possibly some right-side room for it to coil into the wedge and retest uptrend once more before breaking out.
It couldn't hold the Ford breakout in June. Perhaps a bit of irrational exuberance on the ann. This time a break above resistance is more fundamentally driven with all necessary permits now in place and other initiatives - Lockheed etc - gathering momentum. A lot of long-tail candles over the period since Ford indicate underlying buy side support. IMHO
