Upside for Capilano Honey

Capilano Honey (CZZ) is Australia’s largest honey processor and their various brands command a domestic market share of 70 per cent. They now have a joint venture with New Zealand based Comvita. Comvita is the world leader in Manuka Honey, which is highly sought after for its medicinal properties. Capilano is looking to see its margins increase over the next few years by increasing production of premium varieties such as Manuka to Asian markets. With earnings growth already in the double digits, the stock is not expensive on a forward PE of 16.5. I like to invest when both company fundamentals and the technicals are positive. So what do we think of the chart then? (VIEW LINK)