Don't know about a bear flag, but it's gone from overbought to nearly oversold, so unless there's a hidden negative, it's in a much better spot to buy. It's too bad there aren't more option choices like a $6 strike.
If ya believe in the regulatory to come, its in an accumulation on the dips phase for later momo. But the NDA is being constructed and it will take months, so take a nappy overall! Fundamentally it fine cycling and evolving---the work must get done first!