Price has found support at two prior longer term tops as well as the midline of a 4+ year price channel. More recently, stock has broken out of a downtrend and has subsequently found support at the $4 level which is where 3 very important things lie: 1) 50% retracement (not drawn on) of the move up from $3.05 to $4.95 off the 3/23/20 low 2) along a rising support trendline tested 3+ times (3/23, 4/2, 5/12, etc) 3) the 200 day SMA
MACD cross occurred today on twice the 10 day average volume.
All in all, as I have presented it, it sounds to me like a very strong buy case, let's see if I am right.
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To add to that, I neglected to mention that the March 2020 low is a .618 retracement of the entire move up from Dec 2018 to Jan 2020.
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I even neglected to mention there has been consistent insider buying for a year. CEO and CFO both bought at March lows. You can see for yourself on Finviz finviz.com/quote.ashx?t=BASI
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I still like this one, I would get in on a broader market pullback