Annotations and Ideas provided on chart
Possible Double Bottom, w/ second bottom forming higher low
decreased selling on second bottom
Price trading in oversold territory (below the channel)
Unfilled Gap that also coincides w/ local HVN (not marked)
Double bottom held. Look for breakout above $14 or so. Volume should confirm. Also need to push through the 200 right after. Stop Loss would be just under $13.58 or so (last support before breaking resistance.) Next resistance is $14.45. Low risk, decent upside.
Need breakout above $14.00 before doing anything though.
This is purely a speculative buy play. Looking at past price action and expecting this stock to rebound. Could be a classic case of panic which equates to overshooting the target price. Losses can be cut fast, which makes this a very favorable low risk trade with a lot of reward potential.