This was brought to my attention by a friend on Stocktwits. It has sold off tremendously in recent months and made an all time low a few days ago at $4.23.
Since then the MACD has crossed and the price has moved up gradually. The RSI is still very oversold at 38. Also
I would like to see a daily candle close above the descending trend line (weekly line) and also I would like to see the 10ema cross the 20 ema to give more confidence to the reversal.
As one of the other posters mentioned the float is very low which could cause parabolic price spikes, In addition theres a fair amount of short interest with 11% of the float currently short.
I will likely take a starter here and add as it moves up.
First target $5.08, $5.61, $6.04 in the short term with a stop at $4.23
Since then the MACD has crossed and the price has moved up gradually. The RSI is still very oversold at 38. Also
I would like to see a daily candle close above the descending trend line (weekly line) and also I would like to see the 10ema cross the 20 ema to give more confidence to the reversal.
As one of the other posters mentioned the float is very low which could cause parabolic price spikes, In addition theres a fair amount of short interest with 11% of the float currently short.
I will likely take a starter here and add as it moves up.
First target $5.08, $5.61, $6.04 in the short term with a stop at $4.23