There are some technical analysts that look for "buy zones" based on previous price pops (technical term there). To my novice eyes, I see this dipped into a buy zone on Friday, this zone also is near an ascending support line. This same setup recently happened with LUNR, and the bounce was an easy to read play. Therefore, I will be looking for volume and any signs of a pop. Word of caution, the spread on this needs to be watched.
Trade active
Well if you follow this ticker, you noticed a pop on August 23rd, (after I suggested on the 17th there might be a pop coming). I believe we are setting up for similar price action with earnings incoming.
Trade closed: target reached
Well it was a pop! Too low now for my taste. I will watch it if it gets back over 1$. GLTA
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