Thought I'd move this to its own thread.
Looking closer at this chart, it appears to have just broken out of an ascending triangle. According to the Edwards and Magee book, if it can pull away from there, the upward target is around $2 to $2.10.
Apparently these formations are quite reliable, with volume generally decreasing the further it goes towards the apex. However, an increase in volume might be expected once it starts to move, otherwise it might falter and fall instead.
Current price according to Yahoo is $1.70 with volume so far of 646,481.