In relation to the chart pattern discussion, a clear example of a resistance level at $5.20.
If you consider the converging trend line, then you could also say it's forming a triangle. Or you could instead consider it being mostly in a horizontal channel with a low of $4.86. At times it looks like it can't make up its mind whether it wants to sit on the trend line or on the lower horizontal
Hope I'm not jumping the gun here, but I thought it was a good example of a resistance level that's been tested (or close to it) four times recently. I'm interested to see if it breaks out above the resistance or below the trend line before it gets squeezed into the apex.