SQNM Trade (long)

We've looked at this one before and it's pretty close to a breakout. I view this as a short term trade, maybe it can make a swing move, but I personally would take profits on anything that reaches double digit gains, especially if it happens in a day or two.

 The daily range we often see in accumulation/distribution

 Here's the range on a 30 min chart, the breakout level is $7.98, I'd probably use $8.00

The 3C 5 min chart during the range moving into a relative positive divergence, higher at each test of the range's lows