BD, although we had a nice move up today and closed at $0.67, I would not necessarily agree that we have conclusively broken through the notorious downtrend line. I would however suggest we are now within the standard deviation range so a conclusive and sustained move (ideally on higher volume) would remove any remaining doubt. We are definitely now within striking distance, but we still need to see if today was short covering, new buying, or a combination of the two.

We have had two consecutive days of closing at the daily high with a small gap-up thrown in between. Tomorrow could be a key day.