As of writing it is now potentially a bullish "piercing candle". The stock retraced to around the 61.8% level, which was also close to the trendline support at 3.00, however this guy hit into 3.02 (2 cts shy of the support) and started to rebound quite strongly (the bulls who see "value" just can't wait to miss the boat, and forced the bears rushing to cover their shorts). I decided to long as soon as it went 1 cent above yesterday's close but with initial stop loss just below 3.00. Looking to take partial profits between 3.18-3.22.. let's see how it works out.
Comment:
scaled out all of my positions as it propel up above 3.30 so quickly :)