Long term cup and handle formation, with a potential move to the upside. Close above 93p is a strong buy signal with initial target/resistance being 113.50p, namely all time high.
Elecosoft PLC created an all-time high in October 2007 at a price of £1.14, then made a low of £0.06p in December 2011 which is a big drop.
At the moment price looks strong as it heads up making higher highs and higher lows. Although it looks strong now, the uptrend could find some difficulty advancing any higher at the resistance zone consisting of the £1.00...
