SRNE Trading Between an Upward Channel

It looks like SRNE is trading in between the Upward Channel Line and Lower Trend Line. If you check this chart out on a 1 Minute time frame it will show in better detail. All it will take is one good news article from the company and the price will shoot up above the Upward Channel Line and take off from there. For now, it looks like it will be trading between this channel. There is strong support at the $5.05 as proven by today when it bounced off numerous times before going up in the last hour of trading.

I don't believe this is a pump and dump stock because Mount Sinai a well known hospital partnered with Sorrento after doing due diligence and must have seen good results to partner and put their own name/reputation in jeopardy. If it was just Sorrento alone making claims of a 100% cure then I would be concerned with today's price. I believe we are consolidating from the $10 jump that happened recently. Wheres my bulls at?