Lyric Jeans (LYJN)

[SPM555]

Here's a little chart analysis for LYJN.

You can see the huge move this made from sub penny land all the way to a dime +, and since then it’s still managed to hold a decent amount of those gains. The green line and the 50 MA (blue line) are the support I’m looking for this to hold above. The red line is what I’m waiting for a break of to take as a trigger, and that green line gives us a reasonable stop range. Ideally this breaks the peak it formed a few weeks ago in the mid .03s and then hopefully keeps going.