At the moment on the open close high low chart we are forming the pointy end of a pennant from the the extreme ranges of trade over the past 6 weeks. This pennant should break out later this week. If the good Lord is kind to us and it is a positive pennant break, then we would have a target some where in the high 60's pretty quickly.
ps - Difficult to see why it would not be a positive pennant break. Our chart is far superior to the other silver plays
Cheers.
CCU Price at posting:
51.4¢ Sentiment: Buy Disclosure: Held