Taking a look at the monthly chart you can clearly see it's been in a downward channel for the last two years, but recently...
It broke that downtrend line, likely due to consistently beating expected earnings .
*NOTE: Today is earnings day - they are reporting after market close.
With a chart like that, the short term target is the Moving Average at ~$2.5. As for the long term, we can expect much higher prices given that there is a cup and handle pattern forming that could make this a real rocketship.
Based on past earnings days we expect it to rally into close, so unfortunately you have to make up your mind rather quickly :)
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Stay healthy and stay solvent.
It broke that downtrend line, likely due to consistently beating expected earnings .
*NOTE: Today is earnings day - they are reporting after market close.
With a chart like that, the short term target is the Moving Average at ~$2.5. As for the long term, we can expect much higher prices given that there is a cup and handle pattern forming that could make this a real rocketship.
Based on past earnings days we expect it to rally into close, so unfortunately you have to make up your mind rather quickly :)
----------------
Stay healthy and stay solvent.