Short Term Play
Target: $0.575 & Above (2 Weeks)
Next Target: Near $0.615 (1 Month)
Stop Loss: 2% below entry price
20dma crossing 50dma – Good, as the 3 moving averages (20,50,200) will continue the uptrend setup. Moving averages can act as support once they crossover and aligned in 20 days, follow by 50 days.
MACD signals crossover below 0 – Good
Stochastic signals overbought – Possible to see a retracement as the stock is overbought now
All in all, the stock’s reversal looks more firm now.
Note: Chart is based on time of posting.