Chart is setting up for a huge breakout No breakout yet, but there is a strong resistance line at CA$.28 and a down trend line at CA$.29. If we break through those 2 levels, there could be a serious rally. The next stops will be the high of CA$.35, and then I think it is off to CA$.44.
The pull back from the high of CA$.35 to the May low of CA$.20 was a perfect 50% retracement. Small stocks like this often do not follow charting rules, but this is following the rules very well.
A couple of other bullish signs are that the price is now above the 200, 50, and 20 DMA and there will likely be a golden cross of the 50 and 200 DMA around Sep 21.
Q1 earnings should be mid Sep, and that could be a catalyst. However, I am only expecting a very small profit based on the production numbers.