We have the trend legs down and what appears to be a consolidation and contraction of price. I think we are in for a big move full on reversal to $4. Make sure you setup a few alerts and maybe volume alert.
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To clarify this could take a while, maybe even a month. News could make it happen sooner. But when it does it should be a full trend reversal not just a simple bull run.
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pretty big swing there 30% gain if you got in at bottom trend