Last time we reached $16 it retraced $6 ending around $10. This time we neared $20 and now has retraced $6 sitting close to $14. Could this be where the next leg up begins? If this trend continues we could see $28 on this next leg up!!! Good time to buy or add on.
Tomorrow marks 10 days from the time of the last stock grants. the last time the company issued grants 10 days later the announced a preferred pricing agreement with a big OEM. I'm predicting shorts will start covering today in case tomorrow brings another big announcement. This will create the hammer candlestick and tomorrow when the news is out there will be another buying frenzy coupled with shorts covering and we will have the next leg up towards the $20'a