Interesting looking pennant here. If pennants can breakout within 2/3rds of the way into the "Vee", they are considered extremely bullish. Volume on the weekly chart below shows that this setup may be about to happen on this stock.
The pink line on the head of the "head and shoulders" pattern should offer a support level - if it retraces a little further.
There's also whispers getting around that there might be a takeover bid... but whispers are whispers ;-)
I've grabbed a handful today @ $1.60. Will grab more at the potential support level, or on the breakout - whichever comes first.
Disclaimer: The above mentioned information is my opinion only, and NOT to be taken as advice as i am NOT a licensed advisor. Caveat emptor.