techisbest...Please post a chart showing your trendlines. I've drawn it a couple of different ways don't see any that the show the close on a down trendline nor am I able to extend it to the 52 week high.
Also Prior high wasn't $4 it was $4.34 or if you are looking at a line chart $3.96 would have been the highest recent close.
What are you seeing in that chart that makes you believe that it is going to consolidate below $4.00?
There is plenty of room for this to move before consolidation takes place. 15 min chart shows the Bolinger Bands tight. I would look for a new recent high in the first hour of trading.
Don't let your prejudices, assumptions and ego cause you to come to conclusions which on the surface seem sound and correct but in reality are flawed
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