VELT has started to break out (LONG)

$VELT finally broke through the 50 day SMA on daily and with volume this may give this stock ~40% upside move in the next 2 weeks, before a minor pullback. I initiated a long position at $5 with a stop loss at $4.74, target price is $7.05.
(It is possible this could get more upside in the near term if it manages to break through the 200 SMA)