The technicals....scream out....toooThe way I look at the 1 year chart...we are looking into the face of an almost completed/completed huge pennant formation...into the very last little pigtail that is heading up. Once it pokes up through the downtrend near its convergence with the base line at somehwere between 16 and 17 cents...where we are now...technically at least...the price should head up to about 50% above its last high of 40 cents...which is about 60 cents.
When you look at how quickly the stock went from 8 cents to 40 cents, you get an idea of just how quickly things can happen.If you are not positoned at that time...you will be casing a rocket higher and pay much, much more fr the shares.
Then consider the incredible upward pressure on the PMs and the new money now coming not the JPMs...weare most likely looking at a magnified result on the upside for SFMIs share price when compared to the history cited above.