Currently using 4hr support line to make day trade entries. If we only look at the technical's, this could be a runner. However, market and companies condition do not align with the technicalities.
During periods where this stock is highly oversold, there tends to be a rather quick rebound. By creating trend-lines based on the previous highs & lows you can approximate the fluctuation in price. In terms of time intervals, I took the duration of previous runs and applied it forward in an attempt to forecast my price target to sell.
Much of this is...
The director of EYES has made large purchases in this stock from August - September. The stock has poor financial status, losing money. I would personally not invest in this stock, but the director seems pretty certain there will be some positive outcome in the future as he accumulated over 30 million shares.