Lookin at a decending wedge, you have price touching the bottom trendline of a rising channel.If price falls below this zone your looking at the next zone below between $1.85-$1.61. Coming closer to the bottom of this wedge I don't see price retesting the lower trendline of the wedge, but anything is possible. 1st target looking at $9.75, if we get past that I'm projecting a 2nd tarjay @ $19.00, where we have the next major monthly supply zone and some resistance. Let me know your thoughts.
You'll be waiting quite awhile for this, the ATM dilution on this stock accelerated a lot last year , I forget exactly but it was up around 15% I think. Catalysts are coming but you may be waiting quite awhile for your 9 bucks zone. I got out of thi stock at 4.6 last year. Considered it a buy earlier in the year at the low point but cash was elsewhere so I left it go, might return to thfat, 2.5/2.6 is a buy i think, GL