Now my bread and butter chart...
http://www.scripps.edu/~davess/siri22/siri4.png
this one is coming or is a year old... again, just extended the lines, and made some new arrows showing how price rides support and resistance. A long time ago, I noted that 0.70 is going to be tough to break... that was a triple resistance line. I got a lot of flack, but in the end, that thing was a barrier from aug 2009 to jan 2010 (old blue arrows), despite how the price was going to blow right past it, yadda yadda.
after that, we hit a price support line at about 0.80, shot past to the 1.08/1.10 double resistance and back down to the 0.80 line. Today, we got a nice clearance of that area, using a combined pennant/cup and handle, with a decent pure white candle close on decent volume.
The next line is 1.25, but it's pretty minor. The next triple threat is the 1.50 area. This one is nasty, because it's a triple resistance line - ie. multiple types of resistance, and its a round number... so make it a quadruple. Hopefully, the price will be drawn to it... I can't remember which great trader used to trade as stocks approached such lines, but he was a firm believer in the price being drawn to these lines... what also makes this line a little special is...
go back to the monthly chart and look where the likely meeting point of price and the upper trendline is???? you got it... so it could be a quintuple.
Anyway, to make a long story longer... I didn't buy it all back early in the day. I only bought 6/10 of it, so the 40% I didn't buy we will consider a scale out. I also waited until the price rose, yup, rose before getting in, just to confirm that the catalyst was in effect (it's bad when price doesn't respond to news) and that the candle/cup/pennant TA would be confirmed... so yes, instead of 1.11 or so, I got her back in at 1.17.
I hope the tea leaf reading works... anyway, since she's out getting a long term tax break now, she may only be in to 1.48, lol.