Meanwhile, during the whole peak and trough process of the , continues to gradually move higher, indicating accumulation of the stock at these prices. This is a signal for the stock.
In my opinion, I expect the stock to trade at the $14 to $15 levels in the very short term as buyers continues to accumulate. Once hits 20, expect a reversal towards upside. Then the upside potential can be great, it can easily get pass $17.
Currently, I'm not holding any position, but like the title of this Idea, maybe I'll wait just a little before I buy.