TA discussion, page-5783

Sticking with the 2 hour chart for the moment gives a clear picture of the trend line break today from the bullish flag pattern which looks very text bookish (as does the daily).  The flagpole measured from the 37.5 cent original breakout low to the 51 cent high is about 13.5 cents and the rule of thumb is that the next leg would be of the same order so heading somewhere in the vicinity of the high 50's to 60 cents or so. There needs to be increasing volume going forward to sustain this pattern.  There are a zillion examples out there just search on bull flags. It is early days and could be derailed by the unforseen but so far has followed the song book.

The money flow is also very bullish and shows a strong bullish divergent pattern.

2 Hour COB September 7th