The massive spike from the news ripped through the upper bolinger band, and also needed some time for the 10 day moving average to climb up to meet the new price level. Looks like 10 day is heading up, and could still see one final dip to as low as 1.20...but that will be your best entry point cause after the 10 day gets up to new price this will bounce, and then will make attempt to retest high of $2.00+, probably in late April or very early May.
Have a great low float, or killer chart to share with our group of traders? Post it up on my new board!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.