SQNM-MEMBER Trade

A member just brought this one to my attention, SQNM.

I'm not sure there's a huge move here, but there seems to be something that may give a nice quick little profit.

You can see confirmation in 3C throughout most of the chart in 2010 and late 2011 the distribution begins and it tops. It's pulled back twice to support around $6.60 and has put in a relative positive divergence there. I'm assuming that rectangle that is defined by support is the accumulation zone, if so there should be a breakout above it around $7.00 and a minimal measured move of $7.45, although that could change and there's the possibility that there's more accumulation to come as well. Just something you might want to look into. The member who brought it has been doing very well with C&D trades.