Up 4% after hours already. Possibly double digit percentage gains within 30 minutes of market open. Highly volatile position. Hits a hard bottom and shoots up. Then comes right back down again. I've got it long with 30% of my portfolio. Sell point: 7.3; sell stop placed if breaks 52w low resistance
A double bottom is printed as the large investors/traders who saw good value at the $7.00 level see this stock as a bargain.
The Base Line and Conversion Line begin to twist as the amount of cash entering and exiting the market balances and prepares for the next trend to unravel.