The $2.20 target price was based on October's move from 32 cents to up to $1.44 when a symmetrical pennant formed on MOX's chart at the upper end.
Since then another pennant formed, above the one in October, this time with a target of $2.50.
What's interesting is that MOX's big move in October was unexpected on the chart...I was looking for a move from 32 to around 45 cents...instead it went to three times that.
If any of you can tell me how to post a chart I'll include the above chart in my next post.
MOX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held