Could stop for a breather at about $7.50 and $10, but $14 looks like the level it wants to reach for in 2014.
Price holding above 30 week moving average which has also turned upward.
FRO looks like it wants to form a multi-year Head and Shoulders pattern that could break out above 5 year downward trendline to $16 in 2015.
The 30 week moving average is trending upward.
It had nice volume on breakout above the downtrend line that had formed in the past year.
Wave 3 of this breakout (see orange line) should top at about $4.50 in the next week or...
CVO has broken its long term downward price resistance
30 Week moving average is trending upward
Broke out of $3 from a nice cup and handle formation with nice volume
If it breaks out of upward price channel, it could reach next resistance of $5
Short Term:
Resistance at $3
if it breaks that, then next stop about $5
Long Term:
Look for a touch on the multi-year resistance line at about $16 or so in 2015 or 2016
FSLR looks coiled up and ready to spring up into the $80-$100 range soon.
It has already broke out above the Cup and Handle pattern, as well as the Head and Shoulders pattern created by the weekly closing values and just retested that line.
Interesting fractal from 2007-2008 may be repeating itself on the larger 10 year chart. If so, GLD should be poised to drop sharply into 2014 and bottom at the $100 range before beginning another multi year bull market run.
