The next two weeks or so are obviously critical. Will be watching volume closely as the $1.50 level is retested. If it doesn't break out by early/mid April, I think we're looking at a substantial correction before the next big move. Not sure which is more likely, but I can say I'm not buying the ascending triangle, though it's tempting.
Still very bullish overall. Lots of variables, but I think $3-$6 is what we will be looking at come August/September.
Still very bullish overall. Lots of variables, but I think $3-$6 is what we will be looking at come August/September.
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If you're betting on breakout above the triangle, make sure it continues to test the 1.50 level. If it starts to look lose steam, we could be headed back down:
