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RENT, a super high ATR stock is on the move for a major gain

This stock has been on a secular decline since it's debut 2 years ago; but recently the stocks started a bullish trend. It has a massive daily ATR of 17%, so expect major volatility. But this is the kind of stock that can also do a 50% move in a heartbeat hence my interest.

Fundamentally as can be seen on the chart below, the stock loses money but has serious sales of 300M for only 1k employees. P/S is only 0.26 which is extremely low.

The formation of a falling wedge / flat bottom triangle can breakout to the upside and continue the bullish leg.
Thus I will wait for the breakout upwards first, marked by the blue arrow level shown, however because the stock is extremely volatile I will only buy it at the cyan arrow level as I expect a correction and a fake out to the low side after the breakout.
The cyan arrow ($22.27) is where I will buy the stock.

Note this is only a trade for me.
The company is sitting on only $87 Mil in cash & equivalents and loses about $100 Mil per year. It's cash burn is now lower than ever per their recent earnings report. Thus although it is a high dilution risk and we don't want to overstay our welcome, the dilution is at least months away.
The dilution risk is also why the ATR is so high so it's a trade off I am willing to make.

So I will be taking this trade and looking for a significant increase in share price. I think 40% and above is very doable for this stock.
Anyway this is what I am doing with my money, you do you.
Good luck.