The possibility of a triangle is certainly very valid, see blue triangle above. However as it projects to below $4 this may just be too severe for a stock that is already earning 15+% and is generelly targetted to levels around $7 or above. The alternative might be what is shown in purple or pink, a simple a-b-c. Long term that is not good but short-term it allows the stock to rise from these levels sooner than in the other scenario. In both cases we should go to $7.50 or so.