I just read this on another board and thought it might be useful to post here:
Just my two cents. The technicals on this stock are very bullish in the short term. Many of the indicators are indicating that the short-term sell-off in this is probably completed and we'll be moving on to a higher high soon.
From an Elliott Wave perspective, this appears to be entering into a 5th wave, which would bring us to the higher high before retracing a larger portion of the rally from sub-penny. At that point, it would make sense the stock would rally on to much higher highs later.
The one * on this is that it appears to be following clear elliott wave patterns and the technicals appear to be useful, but could always be invalidated or the wave structure could always develop further into something more bearish, however it looks really good right now.
Sentiment : Buy
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