shv chart, page-4

I agree with your sentiment... the chart suggests the share price shouldn't have trouble hitting the $10 mark in the near future.

But Technical Analysis isn't the only reason why I suspect the share price has more life in it yet.

Back in February, the company were forecasting a crop of 13,400 tonnes and and almond price of $10.20 a kilo.

Their forecast for the almond price proved to be too conservative- it is now clear that they will get around $11.00/kilo.

So the question has to be asked: was the February crop forecast also too conservative?.

I think the answer is 'yes', and I'll explain why I think this may be the case shortly.