on traders charts the stock has bounced off an invisible weak line, (bullish). In Dec. and Jan. the stock consolidated around an invisible buy/sell line so if this bounce can penetrate that line the bulls will rally the stock given the oversold oscillators. MACD shows a buy signal. Daily chart shows a triple bottom after a selling climax on the volume landscape.
Dec. 6-8 saw a selling climax with 150 mil shares traded daily. Yesterdays low was on 35 mil shares daily. Sellers look thinned down. Double bottom looks progressively more likely given todays action. Our trading desk is targeting resistance at 17.45