Chart11 May 2015 09:02
OK, well here's another mammoth descending wedge breakout ...
Breakout was @ 3p - since backtested and looking like a rejection of the rising MA20 in play to make this pop once more and work a channel for itself ...
Short term targets are 7-8p and 10s. Again, if you can stick around long enough and all the ducks eventually line up then I see mid 20s and, ultimately, 60p here ...
I take particular note that their largest shareholder caused this breakout at the end of April by buying a ton more stock and then subsequently demanded changes on the BOD - that's American money talking so presumably the've a plan and they will for sure know what they've done to the chart in the process ...
GLA