Sounds as if you will wait to see a convincing breakout before jumping in.
I do not own any WAVX at this moment. I watch daily,if I can,to look for an opportunity to reestablish a position. I do not believe we will see WAVX trading in the 1.20's near term. I do believe there will be plenty of buyers proping up the share price in the 1.40s should we get there.