Yeah man, technicals will remove all emotions from the trade so at least that. If I saw this chart for the very first time today, I would be all over it even without reading the fundamentals. And I think the fundamentals make it even more interesting!!! In other words its a buy buy buy!! :)
8day EMA 1.24 about to cross 13d
13day EMA 1.24 about to cross 50d
50day EMA 1.29
Slow stock 32.26 (oversold) and climbing
RSI 54.45 and climbing.
Do you wonder why it never gone through 1.29? Because of low volume and because of the 1.29 being the 50d ema.
At this point if you are smart enough, you copy my chart settings. Plug in them EMAs and see how it plays out. I am sharing this with you... don't ignore it.
Pull up your 8mo chart, find June 27th 2013, low of the day $0.98. Then, go to September 20th, 2013, find low of the day $1.15. Now, connect the two dots, extend the line into the future AND lean back.. What do you see? That's right, a beautiful uptrend! If you are smart enough you will also notice the 13d ema is very soon about to cross the 50d ema. YOu know what that means? Fireworks!
All we need now is CATALYST! If we have that, the CHART is already set, primed for some major move. Do you ever wonder how its possible? The chart part? lol... watch and learn. Once you get CATALYST i.e. FDA response, the stock will run and touch $1.97 in a heartbeat. (200d ema on the 8mo chart) Again, put your arrogance and ego aside (blackraven you listening) and copy my settings...
If you copied my chart and extended that line into the future, now you see today's low was exactly 1.18, a touchdown and bounce off of that line. This looks good. We must maintain being above this line otherwise our as slow as molasses uptrend would break down.