MULN Bullish Rectangle trading plan

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Looking at my cheat sheet. This looks a lot like a bullish rectangle. In this pattern I like to buy long with light shares near the support of the rectangle taking 2/3 of my profits into resistance. Buying back in long breaking the top of the rectangle with a closing candle over that resistance level. Taking profits at the next resistance level. Putting a hard Stop Loss ending in an odd ending number under the support area of the 1.50.
Would love to hear others comments, excepting all criticism, and/or corrections. Thank You