Chartered (C27) - What next?

The stock has fallen from 22 Jul 2005 @ $1.44. Since then it has been on a downtrend until its recent rebound on the 20 Oct 2005. Technically, indicators are largely positive. ADX slopping down with the DIs just turns positively placed; it means the downtrend has ceased and the uptrend is strong.  Volume wise, it shows interest arising from the 17 mil traded today. Comparatively a good increment over the 9mil of recent 10 period averages. Furthermore, in another show of strength, recent past period shows price and volume rises and falls in sync. Though the good RSI and Stochastic shown Over brought in the near term, they did not seem threatening as the gradient is still on the uptrend. Quarterly momentum indicates upwards suggestive of a bullish longer term.
Today C27 reaches near the 38.2% ($1.15) and the next immediate resistance would be 50% ($1.22). This level has been tested 4 times in the past 3 months. Unfortunately, it has not been breached yet.  However, if the market sentiment is strong enough and presuming it is pierced through; this successful breakout can expect to give a target of $1.49, the highest of the 22 Jul 2005 (100% retracement).