Clive Maund must be smiling.On its latest 14-month chart we can see that it is now nudging its way out of a bull flag on good volume, and is now in position to take on the resistance at the highs at CA$0.30 per share. Factors strongly supportive of a probable breakout are the bullish alignment of moving averages, with the rising 50-day set to quickly cross the rising 200-day in the event of breakout, and the positive volume pattern, with predominant upside volume in the recent past, which has driven the accumulation line steadily higher. The pattern that has formed since June is classified as a shallow head-and-shoulders bottom. This is, thus, a very positive picture indeed.
Clive