There are no insitutional investors chasing this stock. That's wrong.
Individual trades as low as 50K shares can make the stock swing wildly one direction or another. It looks pretty random really.
To me the stock looks like a Oujia board, and you cannot trust any rally at all. Every rally since the $1.50s has been to a lower high than the prior rally, and after every earnings it comes back to baseline.
I believe in the long term story, but I think chasing the stock above $1.20 is crazy.