CETX - a look back at the previous pattern

June 2, 2016 CETX had punctured 200SMA after 178 days or 8.9months of VCP(Volatility Contraction Pattern). This was accompanied with heavy volume at 1.95M exchanging hands. The next day it was followed with another green candle sitting above 200SMA. Such candle confirmed the breakout at 200SMA with a volume of 912.48K half less than the 1.95M. The breakout is a breakout at $2.50. Such breakout was actually the start of the run upward which went as high as   $8.25 for the next 10.7months.

Today March 23, 2018 Friday, CETX seemed to have exhibited the same pattern.
Here are the charts.

June 2, 2016 Breakout on 200SMA. The breakout of 200SMA was followed by a breakout at $3.00. The $3.00 became the base line for the VCP formation for 18 days until it gapped-up hitting $4.00. The tip of the breakout inverted hammer or the mid section of the tail of that hammer is the good position for a buy during the next day's confirmation.

March 23, 2018 Breakout on 200SMA. Here the inverted hammer had actually closed above the 200SMA. But we still need to confirm if this breakout is not a false breakout. We have to wait for the next candle to form. This breakout is also a $3.00 breakout but with the bigger body of the candle still submerged below the $3.00 mark. So what we need to see is the confirmation that the next candle will have the entire body above this $3.00 mark. Mind you, the volume is only 534.6K. We need a confirmation volume that will push this higher.

Here is the closer look of the 2 similarities. Same as the previous move, the good entry point would be around $3.00. But let us wait what will happen the next day.