Well at the moment we're up a few percent for the day and...

Well at the moment we're up a few percent for the day and testing above 1.60. If we close (and hold) above 1.60 then that's a good thing; the volumes are OK.

If it closes above that level then we're back in the trend channel that started a few months ago.

I like an explosive upwards price move as much as the next punter, but I also like a stock that just gradually rolls upwards. It's just so much easier to run trailing stops and make decisions. If this does revert to its trend channel, then that's good enough for me.