emerging basing pattern?

I thought a few of you die hard short term traders might be interested in this pattern that's forming in the stock MZI.

I hold this stock.

Nice little bull flag on the daily with volume dropping off on the retrace. Textbook stuff.

The run up is on increasing volume too, highest we've seen since the blow off top at 3.2c back in June last year.

It's also in a rising wedge which is bearish, but if it cracks through the top of that, it's off to the races IMO and would show extraordinary strength. It's currently showing no signs of breaking down from this wedge.

Also when stocks break out prematurely from a wedge pattern, even if it's not in the anticipated direction (which is down) and then pulls back inside the wedge, the odds for it breaking out in the direction of the premature move is very high.

The fact that the volume on that premature breakout was the highest since June last year means that it's likely a very genuine move.

This is not my opinon, it's based on statistics.

The bull flag on the daily chart and the behaviour of the volume supports this.

Have a look at the chart below, you'll see the premature breakout.

Further, (forgive me if I'm boring you all lol) IF we get the upward breakout from the rising wedge, the projected target is exactly 3.3c which ironically is exactly the high of June last year.

If we got this target, it would give us a saucer pattern, but IMO it would likely pull back and do an even better basing pattern called a cup and handle. The target if that plays out is circa 5.5c

Here's the two first targets being the horizontal orange lines:

Remember TA is not an exact science so DYOR.