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FORD BEST Buy Setup

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I know absolutely nothing about this stock but how I would play this chart is the following...

1) I would have a $1000 account and buy as much stock as I can at $1.20 and hold till stock is bankrupt with a TP of +40%.
Every time price comes back down into $1.20 area I would buy and play my TP + 40%. Once I've doubled my account,
I would pull my initial $1000 dollars and play with my profits and continue doing the same thing over and over again
with taking out my profits after +$1000........... THOUGHTS?

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