Been watching this one now for a while as it dropped from its recent high of $1.58 waiting for a good entry. $1.16 could have been a good one for the pop to $1.48 (27.5% gains) but I was afraid it was going to do a head and shoulders formation so didn't take it. It has dropped again and a clear down trend line has been formed. What is interesting is that it has also formed a clear bottom trend line with three touch points and has now formed a Falling Wedge formation. I recently put out a "How to Trade Chart Patterns" newsletter which describes the Falling Wedge pattern. You can read more about it here.

Sunridge is now challenging the top descending trendline with volume picking up today. Could this be the start of an explosive break out? Look for a close above the trend line on high volume as confirmation. Indicators are oversold and have begun to turn upwards. I expect this one to do $1.48 at the very least, then $1.58 if not much higher (like potentially $2.00).

See chart here ... http://eepurl.com/cwfUb
Cheers!