Descending wedges are usually very bearish and can induce a...

Descending wedges are usually very bearish and can induce a violent reaction. IMHO the correct target price for a downside breakout is ~$1.80 (3.15 - 2.46 = .69 cents. 2.46 - .69 = 1.77). The positive sentiment that exists towards this stock and the insto's buy in price may save it of course - still, I've not heard many put a positive spin on a descending triangle. Hope I'm wrong for all who hold the stock!