JOB
I Think if your bullish about the stock fundamentally (As we know I know nothing about the stock fundamentally) so this is a pure T/A that I never do soley in my real portfolio, but this is what you wanted, so I'll give it you.
I think the mid 50's Is not a bad entry point for your intial postion somewhere .54-.56. I would try to do it in three tranches, .54-.56, if it continues to fall about .52 would be the next place, and than .49 would be the following and last tranche and hopefully it holds, and hopefully it never gets their either.
Now to be fair the chart is not exactly positive the stock is obviously in a bit of a down trend lately, although it's last drop it made both a higher low and lower high, so the range is narrowing. Right now personally I would see a break above .66 as bullish, and a break below .52 as a bit bearish, obviously a break below .48 would not be very good and would be very negative, and probably send the stock down much further. A break above .68, would probably mean a nice run higher. Right now if I was bullish on the fundies of the company I would try to get some in the .55-.56 range for my intial position and Look at add at .52-.53 for my second, hoping it never break below .52 to be honest. Because if it does it is probably gonna test .48 and that is risky if it doesn't hold. Right now the rsi is 41 so not overbought or oversold. My feel is the chart isn't tell me much, I would feel better if it tries to go down to .52-.53 holds and starts bouncing. I don't know which way the stock is gonna go, but if I liked the fundies I would take a chance at .55-.56, and add more at .52-.53, so that is my answer, do I say that with a high degree of confidence on the chart nope. But that is my reading for what it is worth. All is just my opinion, and I could always be wrong though.
