I am not really sure who is defending this stock at 15 but they are really, really trying to hold that level, while everything else is dropping including IQ, I am not sure how they plan to hold that support. It will be interesting to see what happens below that 15-14.50 area.
Bullish Engulf at strong support around 30.
Volume build up and Force index turned +ve.
Oversold and recent candle solid with short tail (marubozu).
Individual candle showing Higher High, Higher Low..
Neutral Bollinger band.
Accumulate 50%.. Good entry around 32..
Yes, looks like we have a double bottom - a confirmation of a trend reversal....and a little research into the company, it looks good. Should be a good long term portfolio add, BUT it currently way over bought according to the RSI and I've read and seen play out that double bottoms/head and shoulders typically will trend reverse the same distance from the neckline ...