Ashanti suggests that we are in a new uptrend. This is not an absolute certainty but on the balance of probabilities this one at least looks ready to go up A break of about $13 would be very helpful.

I used a semi-log scale chart as it tends to work better of large ranges. This stock appears to have completed a large A-B-C flat correction. There is no reason to assume that it needs to go even further than the $7.45 low. There is no a-b-c potential bounce as can be observed on many other stocks.