analyzing the chartBeing a bit of a student of technical analysis I thought I would point out a few very positive points about today's activity.
(1) Gap open that held throughout the day.......very positive. If this gap holds for 3 days it will be very positive for the medium term (1 to 2 months) as well. If we get another gap higher tomorrow that holds into tomorrow's close it will be explosive the following few days.
(2) Made a new 52 week high on record volume and closed just off the highs........very positive for continued move higher tomorrow and hopefully the rest of the week.
Overall I would say that we probably see 20 cents or higher by the end of the week.
*** If we see confirmation of today's action in the form of insider purchases today it will really add credibility to the move. For this we may have to wait a week or so until it gets filed with SEDI.