Energous is a company focused on wireless power solutions and products. It is currently in a localized uptrend that has retraced to the support level of its first move. If support is broken this pattern is definitively broken, but, if this pattern holds expect some nice returns. Trade small whenever dealing with an equity position that is so volatile. Market sentiment plays a large role in this stocks trading pattern, will need some catalyst send equities higher (ie stimulus!). Starting a very small position at this level and waiting for volume to pick up or some other indicator to signal the continuation of this uptrend.
TA interpretation + personal opinion = not investment advice*