CPSL - Bullish?

Long time readers will know I am long CPSL--Chinese Precision Steel. Balance sheets look stable enough, but it is an extremely volatile stock. Which, translates in to premium for short positions, ie the covered call.

CPSL established a minor uptrend in the last week. Yesterday we saw a Doji candle, followed today, by a 22.3% increase in price today. Previous candlestick patterns resulted in a significant rally. However, it appears that the 1.45 area is solid resistance and might take some effort to break through.

Today showed great volume. I am looking for CPSL to break resistance and move higher as it has previously. Possibly up to 1.75-1.80 area. At this level theoretical values of Sept 2.5 Calls should be about .25. In other words, a few thousand shares would be worth a decent premium.