... to rock to the upside on any break with volume above the $2.00-$2.10 area. Not a classic reverse H&S because of the volume due to the Russell rebal day on the right shoulder, but an appealing pattern. Symmetry would portend a move to the $2.50 area shortly, reversing the longer term downtrend.
I really like the fact that after the recent push over $1.50 CUR spent much of the Friday session in the $1.50 - $1.60 range, settling back in to close above that key level at $1.51.
If you look back at the 6 month chart, $1.50 was a recent low on the way down to the $1.30's, and whoever posted that $1.50 would not fall immediately was on target - some resistance is to be expected. But resistance becomes support, and Friday's session may have now established $1.50 as a new launch level for CUR.
The key going forward here (as it always is for a rallying stock) is VOLUME. We need to see it on a consistent basis here, both in terms of 2x or 3x volume days, and from a standpoint of average daily volume rising to a much higher level. With some fundamental news to support us, September/October have the potential to be very good months for CUR.