I believe this stock has bottomed and formed a reversal pattern. An excellent way to determine this is by connecting the previous lower highs and looking for a move up that breaks the downward trend line and then a retest of the downward trendline.
Additionally, it has completed an ABC correction. I am looking for the RSI to cool off a little, it is already approaching oversold. So I will be buying on any and all dips for the next week until it explodes to 9.39. After 9.39 there is very little upper resistance so it should tear through.
Additionally, it has completed an ABC correction. I am looking for the RSI to cool off a little, it is already approaching oversold. So I will be buying on any and all dips for the next week until it explodes to 9.39. After 9.39 there is very little upper resistance so it should tear through.
