What I see... + A wedge squeezing in with prices supported by the Support trend line after earnings last week + Vol. spike on Friday, despite a red bar, it painted a hammer with long lower shadow + Multiple short bursts of 20% to 40% increase since March within 3-4 sessions
- Lost more than 50% of its value from Feb to March - RSI pushed back to 48 - Overall a weak / downward trending stock - 10 and 50 MA are both under 200 MA
How I setup... + Long entry when break above last week's high - Stop at low of Friday's shadow + Target at $40