I don't have a position in this stock, but I am waiting patiently to enter with a medium-long term strategy.
For the following reasons:
1. Appr. 50% reduction in price from all time high in USD$123 (june 2015) to USD$65 (feb 2017).
2. USD$65 is the previous support level from 2014-04-10.
3. The stock has gapped twice already 1# 2016-07-25 and 2# 2017-02-08.
Studying HMBS the price has foundt 3x support in 239 and rejected lower breakthrough.
This level is historically the June 2014 historic resistance.
MACD bottom is showing increasing trend from jan 2016 to jan 2017.
Risk reward 1:5.3
I expect a bullish long trend is developing.
Anyone that support/rejects my analysis??