Melchett, EBO is forming a Symmetrical Triangle pattern. When these appear after an uptrend (as in this case) in 64% of cases they are a consolidation pattern and break to the upside. In 36% of cases they break to the downside. Note the falling OBV, though. To my mind this does not auger well for EBO in the short term, so I reckon that a downside breakout is at least as likely as an upside breakout. Any downside breakout could mean a trendline break as well.
In the event of an upside breakout, it would not be unreasonable to expect some resistance at $5.00 as before.