History repeats and so do chart patterns. The 'xyz' move from...

History repeats and so do chart patterns. The 'xyz' move from 2009 is here again.

A consolidation for Easter makes sense. That's the current 'y' area.

Thereafter the re-rating continues with a mid-50s target zone at 'z' sometime early May.

Will old resistance at 43c pose any difficulties? Doubt it. A minor TOP in June 2008 around 19c was overcome in a stride in October 2009 (just after the 'y' bit). This level then provided support early FEB this year with the sturdy help of the lower channel trendline.

Repeating patterns suggest the 43c level will provide support at the lower channel line after a new TOP in MAY.