Climb off the bottom is now well established with 80% gain from the recent 52 week low, over 30% gain this past week.
I will be watching for a possible retracement in the first days of next week. There are 4 fib supports to test and hold. 1.29, 1.23, 1.19, 1.15.
With 3.3M shares short, buyers could cause a squeeze if the trend stays in the upper channel.
RSI is...
Potential for a modified cup and handle formation with resistance on the $3.50/100ma around March 23.
Handle retracement likely to 3.20 level before advancing to the next resistance at 3.79.
Moving averages, supertrend and money flow index all giving strength to a solid lift here.
I like this chart as long as external news events remain neutral or...
