Took once again a char view.

Last wave to the 4.4 is smashed right now.

So I took another important Fibonacci wave from recent low to the ATH at 6.

So now we have another level to look out and that's the 61.8 % which is around the 4.8 mark.It's also a point were we have had some trading once the top at 6 was set .

We may not forget that 5.25 sp is the level to convert the debentures.

So I guess 4.8 could be reached next week but after that mark I'm not certain we could go further up.I think we could see a break for a while with 4.4 that could be a support .Today we have some hammer forming candle .Most expected news is priced in I guess at these levels only thing we don't know for sure is the bitumen price .Maybe we wil have an answer on May 13 .

RSI is now in overbought level but could stay a while at that point .

Om LT view the golden cross formation is very good and angle of rising is sharp.Some analyst predict 8 but I hold it on 6 for 2008 though I hope I'm wrong.