We are now 60 days into the rectangular top which is bascially a...

We are now 60 days into the rectangular top which is bascially a trading range between two horizontal lines at $3.06 and $3.30. The last rectangular top was from the 21st of May to the 6th August....some 75 days before the breakout. RT's normally last 3 to 4 months although can go as long as 6 months. In basic terms it is a standoff between buyers and sellers with niether party gaining momentum. The breakout is normally in the direction of the prior trend which is upwards. I expect the pattern to continue until the trading update or the release of the 6 month financials. Expect a breakout to the upside with a target of $3.54. That's $3.30 + ($3.30 - $3.06 ) = $3.54