Some upcoming events for Ambrosus that I think will make it break the pattern into an upwards trend include a 1.0 Mainnet release, which would shine more light on their Masternode system. It is expected to be released by the end of July.
Getting in somewhere close to the lower part of the .
If the pattern follows through, this would be your exit point. I would set up an alert at the midway point to gauge if Ambrosus is on schedule. If they are on schedule with the Mainnet release then I expect it to go higher that the exit point. If they flub the release then expect a slight backlash.
Stop Loss: ~0.000038BTC
This stop loss is falling back on the support that was created in early April. You could also use 0.000040BTC as a more aggressive stop loss, where it recently bounced in late June. This would create a better risk/reward ratio of ~7.
Trade Duration: ~15 Days
Combining both news and chart trends, I think the duration until the end of July should have enough factors for this trade to play out.