For TA fans only - morning price action commentsA follow up to my post calling a bottom yesterday -
stock opened gap up then retrace to touch $2.97 and rebounded nicely. This is further confirmation of a bottom has been reached. The volume is less than spectacular showing retail investors at work in bottom fishing. The sp will end up in the green by the close of the day. Technically we see sp could lined up at $3.25, $3.45 and $3.60, with all numbers rounded up to the nearest 5cents. Professional traders using TA knows where these prices are derived from. Then pullbacks of sizeable magnitude should comes next.
Stay tuned.