RE:Sebraz, opinion pleaseI can't seem to post my diamond drawing, but I drew one on the daily chart with 50,100 and 200MA's. The diamond bottom edge is on July 31st and the top closer to the end of August. Generally, I see a reverse head and shoulders at first instance than a diamond formation, but the formation does look strong and more fitting as a diamond.
The next few weeks will be telling whether this is a diamond bottom or a top. I’m hoping we see some very strong volume after a news announcement which would take us in a nice upward direction (10 – 10.5 +)
It looks like we still have a good month to a month and a half for the formation to complete.
What would your forecast be of when we see $10 + based on the technicals?