Looks like a wedge pattern that is likely to break down. Will watch for a break above the $17 mark to start the next run or may be time to sell at the upper line of the wedge.
Trade closed: stop reached:
The announcement of the sale of 44 million more shares basically means the short squeeze is likely dead. Fair value for this stock after Friday's issuance of shares is about $1.80. That doesn't mean it couldn't keep getting pumped, but I would steer clear until Friday after lunch.