The red arrow is signalling the upper lower shadow that tested the new support that was resistance in the 16.00 level. The other key here is the counter trend line that is very useful for price action oriented traders
The target is the job of the trader. I already fulfilled my part: (Find Price Patterns) and put in your desk
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Grammar Check The red arrow is signalling the long lower shadow that tested the new support that was resistance in the 16.00 level.
CLD price-to-revenue = 0.09, Price-target = $0.55/0.05 = 11/share.