Long trade entered Thursday 4th August 2005

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The system triggered a buy signal on this one today, so I picked up a few at 19.75,  this is usually a good kind of chart pattern for a rapid (but often choppy) move upward.

I observed that the chart pattern is similar to the one built up in 2004 and a lovely rising trend emerged from that.

With a stop at 17.5 I ventured into this again. If this can hold up and carry though 24p then price levels of 40-50p are possible. If breaking down below 17p then it could go all the way back to 8p.