If any of you follow the chat on Gold-Eagle, you are probably well aware that the premiere and highly respected chartist on the site is Goldrunner.  In his latest gold update issued today, he has included his technical analysis on ECU.  I have posted both his commentary and chart below.

Enjoy his target price - VHF

ECU SILVER-ECU.TO

I apologize because my lower black channel line on the chart has “drifted” upward as lines on a chart sometimes do. ECU is a smaller Silver stock that has a history of rapid price advances as seen on the chart. The TA indicators look constructive to me. If ECU breaks out to the upside, the upside potential could be as high as $24. This is a smaller stock so do not forget that it is more speculative. I do like the small Silver stocks, here.