ALYA Potential Breakout

Reasoning:

• Bullish ascending triangle formation
  
• Large spike in volume as stock approaches resistance (bullish)
  
• RSI hooking up
  
• MACD indicating bullish reversal
  
• Upgrade from Hold to Buy (Nov. 15)
  
• Strong fundamentals; company has shown consistent growth in revenue over last four quarters. It is rapidly approaching a profitable state.
  

If ALYA closes at or above $3.00 with high relative volume, I will enter a position.

Stop loss @ $2.90, Target 1 @ $3.24

Potential to gap up, I would be weary if to enter at open if that happens.