Big 'IF"... On Oct 22 we rallied to $2.44, then on Nov 12 hit $1.51 (1.618 Fibonacci retracement pm the button). On Feb 11 and Feb 16 we hit $1.62-calculating a 1.618 rise we would hit $2.62 (But if you double $1.62, you have $3.24.).
Volume today exceeded the previous month's daily volume, with the exception of Feb 1. The chart shows a tall white candle today and we closed at the high of the day-all good signs that we may have finally turned. Considering we are likely exactly two weeks away from earnings announcement it is a fair assessment. Slow Stochs has been rising since the price hit $1.72 on January 17; the MACD since mid Feb and the Momentum since late Jan have been rising - even before the price hit bottom. Also, on that move the price hit its high (Dec 11) one day after earnings was announced on Dec 10 (Double check the date earnings was announced.)
No, I am not predicting...just pointing out interesting relationships. This stock is impossible to predict-unlike most other stocks where chart patterns seem to have some relevance-LLEN almost '0'.
So Brother M, don't be too hard on Race here. He predicted $1.57...I really thought we could see $1.56 and was a bit surprised that we didn't. Maybe we should keep our opinions to ourselves but after all it is the responsibility of each of us to do make independent judgments.
I should simply state that my thoughts are for 'entertainment value' mostly...Don't ever make a move dependent on what a poster says-especially with this diabolical stock.
;-) Good luck. y'all. Sharpei