About to break through the neckline.
Divergent RSI, 61.8% retracement, stop 1 point above the high
Just completed it's first Primary Wave and moving north between 18-23.50.
Another positive divergence with a nice gap to fill
The only think I see happening is an ih&s forming on the daily. I tried a call spread and got burned. Sitting on the sidelines here for now.
I went long because of the positive momentum going into the recent high and now the stock is trading the bottom of the range. It won't take much for a good payoff with the 3/31's trading almost a penny apart.
Short to 20.50 to close the gap, fulfill a wave IV pullback and 38.2% fib reversal. Too many things stacking up not to like it.