Read what you wrote - extend 1-3 weeks. Hmmm. Read that again. Do you look at the chart and see a 1-3 week extension? I am looking at $0.518. A continuation of prior move is expected. Hmmm. Prior move...hmmm. Read exactly what you wrote. Outline where you see the 1-3 week extension occurring (since you staed we are at the tail end) and you just might see a different story. No pennant. No extension. Stay away from Stockcharts. Focus on two things - the modest level of resistance at $0.56 and at $0.75 and the Baltic Dry Index. You are reading into the charts what is not there.
Sighhhhh - no they don't. Please people, if we are going to say the "technicals show..." either post what you are seing or stay quiet. I am looking at every possible indicator and see NOTHING that points to an uptrend, let alone a taret and time. Stop the nonsense.