Taking a look at the weekly , whenever the William R falls below -93% it has created a decent bounce.
On the daily it appears to be at the bottom of a downwards channel and also it is reaching support from June 6.
However, that does not necessarily mean it is time to buy right now as there is not enough evidence for my liking that it will necessarily bounce off the support this coming monday (Jan 13)
I will wait for it to form some sort of base and hug the support, and once there is a signal such as a bulish divergence on the and/or william r% maybe on the daily and 2 hours. A conservative target would be just above the daily 55EMA and a more aggressive target would be the 200 and the top of the channel. Either target provides a decent risk to reward ratio.
keep in mind that earnings occurs on feb 13