I still think the 6-month chart is indicating a strong rebound of which we are seeing just the beginning. Take a look at the obvioius trend change after a long downtrend, the last two weeks of higher highs, lower lows, high-volume up days, low-volume down days, etc. As stated in my previous comment, 5,50 is a definite possibility next week, and massive short covering could send us much higher in the ensuing weeks. If you have no current position, my personal opinion is that the current price and situation represent a good entry point. I honestly believe that that the huge upside potential is far greater than the minimal downside risk. However, I suggest that you take a look at the charts and do your own analysis and research. Whatever you decide to do, I wish you the best of luck.
This stock was over 16 just 4 months ago. Taking a look at the chart, there is minor resistance at 5.50 and heavier resistance at both 8.50 and 14.00. I am extremely optimistic that we will see a mammoth short squeeze very soon that could eventually test all three of these levels. This Friday might be a little too soon for 5.50, but next week I wouldn't be at all surprised if we get there. It's going to be fun to watch. I wish you the best of luck.