This stock was down about 9% intraday today (hit 8.84) and was scooped up FAST in the first 5 minutes of the final hour on a Friday. That is VERY bullish price action.. also occurred just above the neckline.. Watch for a BIG move higher.
The market gives us clues.
In my opinion, there are very few clues better than an intraday drop that was scooped up entirely in the first 5 minutes of the final hour on a Friday.
@parabolizer, Depends on the time frame.. I took profit on most of the position today and yesterday in the high 11s. Ran up fast and target was met on the pattern. The monthly still looks good but it could retest the low 9s and still be bullish long term. That's where I'll revisit it.