Here's the crux of the matter: SD reported earnings after the bell today, and there was not much action after the release. The company presentation before the bell could have a big influence over the price action. This could be the catalyst that breaks the price action out of this triangle. There is a powerful set up to the upside here. One could take a long position here with a stop at 1.60. However, SD has not responded well to its' earnings releases as of late so if we see price action slicing through the lower trend-line or gaps below and sells off, watch out because there is not a great deal of support below $1.50