When it comes to looking at charts... relative to a recent high or trend, in this case, makes this price in position to make a move... what the chart is indicating is that it is consolidating, and has yet to move in what appears to be in the likely direction of up.... not based on fundamental analysis, but based on sentiment positioned at a point of diminished selling, and for no other reason.... continued buying pressure. Recent news suggests positive development which is a bit of upward motivation...
It hasn't moved yet... and with a little luck...those in position will will have the chance to collect big or lose little.
Here is a link to some interesting possibilities.... Chart a few of these.... http://www.smallcappower.com/investment_ideas/posts/investment-idea-of-the-day-8-4-2014
Dave GLTA
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