Price closed on the 200 day EMA today, so it should bounce off it tomorrow.
Guess we can strike bouncing off the 200 day EMA. Price has already made a low of $1.48 today.
You should write a book: "Why Technical Analysis Doesn't Work"
As if a stock's bouncing off of 200 day moving average? It will trade based upon whether the deal goes through or not. Plain and simple. The 200 day MA is IRRELEVANT. And you should know that.