QTM-(LONG)

QTM has some volume to it, it was also one of the stocks  set an alert on yesterday. It just triggered. Take a look...

 QTM's daily chart with a triangle consolidation

Here's the break of the trendline, although I suspect volume won't pickup until the local intraday highs are taken out between $3.17-$3.24 . I mention this one which is probably a bit early because at this level it's not to bad of a risk:reward scenario. You have about $.16-$.17 risk using the stop at the red trendline and a potential gain (based on the price pattern measuring implications) of about $.60 or near $3.73.

It's worth a look at this stage, although I wouldn't give the stop much more room then that, in fact you could even run a tighter stop at $3.04-$3.06.

My risk tolerance on a trade like this would be about 1%.