Looks like a possible break out might be in the works

4 ביוני 2015

A nice triangle pattern seems to be forming. There's a static resistance at 9.89 that has been hit several times over the past few days, and an upward sloping support line (higher lows). This indicates the sellers are slowly being pushed out. The short float is at 23% which indicates we could see a short squeeze very soon. I expect a breakout in the next few days to a target of at least 10.69. That is a healthy 12% gain with possibilities of reaching 12.06.