ERG formed a rectangle over three years. Any possible break on the upside gave a target of $2.80. First warning of an impending break was the break of the down trend line. Good to see the rectangle break on high volume; clearly visible here.

Watch for now; With a bit of luck, we might see a flag form on the weekly chart, off the flagpole (Giving another rectangle on the monthly) with the bottom of the flag finding support at the midpoint of the run up, $2.

This stock looks to me like it is now in strong hands therefore I would expect the price to hold above $2 (minimum $2.20). Expect the good news announcements from ERG to keep rolling.