I have been watching this one closely for the last two weeks after it posted its 52 week high on September 29th and that's because it did not return to its previous resistance (turned support) at $1.40. Instead is has slowly drifted downwards and has now formed a nice Bullish Ascending Triangle pattern. It requires high volume (about 150% of normal volume) to breakout of the top resistance (currently at $1.63). One must be careful of fake breakouts with this pattern. They are very common and many traders take position too soon as the volume starts to build. You have to wait for confirmation on this pattern. Confirmation would be a break of $1.63 with volume over 1 million shares.

So the play would be to wait for confirmation with initial target at $1.75 for small gains of 7.3%. Second target is more interesting once the first resistance is broken as it sits at $2.05 for potential high gains of 25.7%. Stop loss would be a close below the raising trendline.

See chart here and other weekly picks here.