Good morning friends. Important second proprietary technical just went green.
We have begun to form what I call an inverted channel W. We are now on the last leg up. This near term technical (my own) when found within an ascending triangle, is almost always an indicator of a major breakout within the next 5-10 trading days. Would be best to see a strong move above 6.55 today to cement. We have one other instance of the inverted channel W back in early summer of 2012. GLTA
You are welcome stewart. This is a very strong technical set up developing within the already very strong ascending triangle. The short interest means we could overshoot to the upside. 15 is possible within 20 trading sessions if we get some short covering and we also have some decent news dumped into the technical set up.