IHS
ABUS has formed an inverse head & shoulders on the daily chart that upon a decisive break of $4.30 targets $5.50+.
Impossible to say when it breaks through $4.30 as it could back and fill down to the high $3s for a while first.As long as the high $3s holds on any retrace I'd expect the pattern to play out to upside.
Further support for this opinion is garnered by looking @ peer company ARWR.That stock also has a very bullish chart.Yesterday's close above $5.95 sets an upside target right at a very key technical level,$6.50.On a weekly chart ARWR too, has a large IHS pattern under development with a neckline right around $6.50. When $6.50 falls ARWR has an upside target of +100% (above $13.00). This is why I personally wouldn't short that stock despite a possible Raise.
Risk v reward on both of these stocks tilts reward @ present after long basing periods.