@StockforProfit definitely looks like a small break out of the...

@StockforProfit definitely looks like a small break out of the forming wedge you presented, just don't see the volume yet. Bulls are ready and waiting, could see a retest of the $2.20s gradually again based on volume as selling are drying up

the wedge and price action analysis;
first low was at $1.383
second low was at $1.556
third low was $1.678
The Price Lower lows are turning into higher lows gradually so up

RSI analysis;
bounced twice on the RSI at 50 on the daily
shows slight divergence but not much meaning it is showing the price to level out and go into a range trading trend

MACd analysis;
shows initial downtrend but
the daily lows are also equal more than the RSI
so signifying a range trend

So all in all it signifies that all things being equal with no patents for now or any new Tom's gibberish; the price is simply going to consolidate until a spark.

and don't we all wish for the Phoenix to rise after the US patents news ... mid September