Got bored so decided to take a look at what the charts were saying (again). By the looks of things there is a symmetrical triangle pattern that has formed. From what I have read, it is roughly at the spot where it should break out. If the pattern continues much longer then it gets weaker and the chance of a true breakout is much reduced. If I were a trader I would be looking for a close of 66-67 on good volume, with good buyer depth behind (the previous attempts at runs never had good depth behind). If this does occur, then the target price would be around 85 cents.
Disc: I am by no means a chartist (I'm a FA investor, although use TA to identify buy and sell points), just enjoy looking at the trends and seeing how they pan out. Oh, I also hold a large chink of PEB :)
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