Our favourite junior copper producer is setting up nicely:
1. Stoch RSI showing early pattern of previous bullish moves and just broke out of a two year range
2. MACD is just executing a crossover from very oversold territory?
Previous setups like the current one have produced solid gains in 2008 and 2010 but we have restricted our bullishness to the previous...
Copper needs a move toward $3.50 to confirm double bottom. MACD trending positive and just about to cross to bullish which is a similar setup for the annual rallies in 2009, 2010, 2011 and in 2012.