My other interpretation is slightly less bullish but still has upside to around $20. This also could be a countertrend interruption to the long term bearish price action which would lead to the stock getting delisted. I see a lot of opportunity here and if this basing pattern holds profits will be insane, but it's definitely a lotto play. There's potential for a bounce off of the 50% retracement, but that's not very likely so I'll wait to buy any significant amount of this one.
The call chain is particularly attractive should this play out with prices for ATM and NTM calls for the next several months ranging from $5 - $35 per contract.
The call chain is particularly attractive should this play out with prices for ATM and NTM calls for the next several months ranging from $5 - $35 per contract.
Comment:
Supported by strong evidence on the long term: s3.tradingview.com/s...shots/q/QXPJkV26.png