RE:Great bounce ...mesa1 wrote: A 15% bounce off the lower boundary of the corrective flag formation today! A strong reversal with a close at the day's highs.
A breakout from the flag's upper boundary currently around $2.75 will telegraph a 3rd wave run to test the target at the $4.65 area or alternatively if a 5th wave, a test of the $3.70 area.
mesa1 - I concur with you sir. The curent price of the issue is well past its 10 week M/A. The Relative Strength indicator on a 3 year chart is well past the critical 57.5 area currently at 59.28. Good odds on this issue - my opinion only. Best of luck going forward sir!