Pretty much as I had scripted out earlier in the week. Wound up hitting the upper support range of $3.90; then, bouncing. I think you were saying similar.
Question:
ended up with decent volume. so is the short-term bottom in?
Answer:
I think so. Would look for another attempt at the recent high range of from $4.50 to $4.65 in about another week. Fairly good chance the range gets extended higher (slightly); then, another pullback. Think we may be getting into an upwards staircase (rising flag) pattern. Generally good volume, but the quick moves higher and lower; often, on low volume. I think institutional ownership will keep things between the trees, and would not anticipate any major upset.
Eventually, am hoping for a major breakout on good news or anticipation of such. Hoping there will be no major gapping, just nice movement. Likely, something will break in the next three months or so.
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