Studying the chart the trend is still down.
Possible support at $5.
I will go long now. But only a 1% of Capital Investment.
Obviously these risk / rewards can go both directions, however if correctly timed - the gains % are great.
So I am taking this trade long as its way oversold right now.
I am willing to give the trade 6 months for a turnaround possibility.
Possible support at $5.
I will go long now. But only a 1% of Capital Investment.
Obviously these risk / rewards can go both directions, however if correctly timed - the gains % are great.
So I am taking this trade long as its way oversold right now.
I am willing to give the trade 6 months for a turnaround possibility.
Comment:
Trend is still to the down side. No reversal seen yet!
Comment:
Trend Reversal seen from Earnings Date.