ANR: do we have lift off?

ANR had a great day today, and closed firmly above the recent high, confirming ii/b. Note how the bollinger bands are now expanding after contracting. The latter is always a signal of a pending big move coming. Albeit bad earnings, a short squeeze, imho, is on. I’ve given the textbook target for iii/c which should be low to mid $4s. Let’s hope I am right! IF price gets there (or beyond) we’ll have to assess then if a 4th and 5th wave develop. That would then signal 5 waves up and a new uptrend has been started. But, we’ll cross that bridge when we get there.

ANR update 08062014


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