Wait for CTIC to consolidate some more

A reader requested a stock chart for CTIC, here's my technical analysis:

While the volume has dropped off nicely on CTIC, the candlesticks are still showing a lot of daily fluctuation. Compare them to the size of candlesticks during prior breakouts- they are a little bigger. I might be being overly picky here but to be honest I just don't like the chart pattern in CTIC. I would like to see CTIC hold support right at 0.6 for a few weeks instead of bowing over in between support and resistance (which it is doing now). Trendline A defines a ceiling on a CTIC's breakout.

Trendline A has 4 touches on it extending back to the June 09 and August 09 highs. So if CTIC does breakout then I wouldn't expect it to break much higher than 1. I would wait for this one to consolidate some more.