XNET Wedge/EMA Convergence

XNET has broken above the downtrend line from Nov '19 while consolidating in a wedge. What I like most here is the 5 EMA which has found support twice on the 50 EMA and rising 20 EMA. The top of the wedge coincides with a flattening 200 EMA. Considering price has tested the top of the wedge/200 EMA 3 times and failed, I anticipate, given the behavior of the 5 EMA, and a 20 EMA converging and looking to cross the 50 EMA, that XNET will break through overhead resistance.

Also I would call your attention to several occasions prior to June while consolidating in the wedge, the 50 EMA rejected the 5 EMA and any price moves above the 50 EMA ultimately failed to hold, now contrasting those instances with the current price action, I anticipate the stock is ready to move higher

Trade plan: I like waiting for the top of the wedge to be broken through, considering the area acted as resistance 3 times, any breakout and pullback to the wedge top/200 EMA should be well supported and I would look to enter a trade there.