BITA: Unloved But Excellent Risk/Reward Ratio

BITA has fallen 84% from its 2014 highs of $98.28 to its 2016 of $16.09 low.
Stock has shown signs of recovery from its 2016 lows.
Impulsive upward momentum could imply further pending upside.

Key support at $25.75
Critical support: $16.56
Upside Target: $45-$55

Break of critical support will void this analysis.

Comment:

In view of the upside bias, any impulse upside break of its most recent high at $34.18 should come very soon.

If the upside move does not come within the next 2-3 trading days, the stock could likely be forming a more complex correction which is not complete.

Comment:

Conslidation completed.

Trade at your own time own target.

Trade closed: target reached