The Tgt mentione on the chart is activated...this is not a BUY call...but a target call..this is a risky stock... Tgt for those who are invested in this for the past 2 years
Expecting a retrace upward into the 786 after a three drive down. Small marketcap, and a long history to go with.
Premise:
1. Wait for a test of 283 and buy half
2. Reevaluate at bounce
3. Wait for the bearish divergence currently visible to play out
Execution:
1. 1:1:1 at 283, 275, 270
2. Target : 600
3. Stop : 260
Result:
1. A 13.87:1 RR trade is executed