GVT breaking from descending wedge - profit potential of 40%

GVT appears to have broken upwards from the descending wedge it has been trapped in since early March. On breakout, it retraced by 0.382, bouncing back off the original descending resistance line at the 0.382 level. It then formed a bullish pennant and is just now testing a break upwards from the pennant. Assuming the 0.382 retracement is wave 2 of a an EW cycle, we could see wave 3 taking us up to 40% or more above the current price. Combined with the fact that the launch of Genesis Markets is scheduled for 6th June, I think this represents an excellent trading opportunity. Open a position now with a low stop loss then tighten the stops if there is a surge on/before 6th June to protect against a "sell the news" dump.