Looking to reverse again. A few days ago I called the top at 6.00 area and was able to cash out as this appeared to be very top heavy. Right now I think we are bottoming out and the risk has diminished. Back in!
- RSI has cooled down from over 90 to 53, settling in to more comfortable levels.
- Upcoming ER, bargain hunters as well as 3mm FDA approval are catalysts
- Bouncing off 4.22 (double bottom) could see one more time Monday
- encouraging buying signs at Friday close and AH movement
Price is much more attractive at this level and I think we get a little run into the ER in a couple weeks. I am already back in a little but I will add more if it dips and bottoms out Monday.