Chanelling?...Both 20 and 50 day ma are at $3.82.
This will need positive, new information to move higher, or at the very least keep it horizontal between its current channel of $3.53 the low and $4.11 the high.
It can go either way IMO, but if it stays horizontal, then it's a good trade if you buy under $3.60 and sell above $3.90 or thereabouts, if it gets there.
Worse case scenario is that if no new developments in the coming weeks, then it can move lower, otherwise it may stay range-bound between the boundaries of the Bollinger Band for some time.
My guess, and this is JMO, but the_Chief will lose his $5 bet in 5 weeks as I'm not sure what new data can drive this to be a $350 million market cap stock by then.