Well one reason I felt it would break up out of the wedge is that it has around 50%+ institutional ownership. Institutions would not want to see it drop below $5 so that meant that when it broke it would be to the upside. Its a trend that has been repeated many times. Though I do believe this is a $35 dollar stock eventually.
Keep these sort of alerts coming! I like your charts. Easy and simple trading ideas. A lot of people must have made cash off this chart alone, regardless of how obvious it was. Many overlook the obviousness and simplicity in plays.
Gotta say... even my yellow circle is eerily accurate. Dead middle of my circle the volume bar reaches perfectly from top to bottom.... Big breakout. 8.20 near term. Shorts will eventually get crushed when this company turns a positive profit. DYODD.