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So the stock has now entered the upper band of the target area.

What you want to see is a bit of stabilisation in the price before jumping in but placing small chunks in between now and $6 smooths out the roller coaster ride and satisfies the fear of missing out.

Ideally, you'd want to see a bounce followed by a higher low or at least some time taken up at lower levels.

It's difficult to imagine this stock regaining it's huge decline in the same amount of time that it has come down. Not many charts look that pretty that aren't penny dreadfuls.

A likely scenario will see this stock oscillate for a few years between a possible extreme capitulary low of around $2-$4 (crazy but not impossible... my $6-8 target half way through the year seemed just as impossible) and find resistance at around $8-$12 (the beginning of the huge bull run).

Of course, just my view fwiw. Personally, I've got better things to do with my money but I have enjoyed watching this stock and brush up on my basic TA skills which I have no use for nowadays but am forever amazed at how accurate they can be

<blockquote data-quote="ftw129" data-source="post: 804539" data-attributes="member: 47251">So the stock has now entered the upper band of the target area.What you want to see is a bit of stabilisation in the price before jumping in but placing small chunks in between now and $6 smooths out the roller coaster ride and satisfies the fear of missing out.Ideally, you&#039;d want to see a bounce followed by a higher low or at least some time taken up at lower levels.It&#039;s difficult to imagine this stock regaining it&#039;s huge decline in the same amount of time that it has come down. Not many charts look that pretty that aren&#039;t penny dreadfuls. A likely scenario will see this stock oscillate for a few years between a possible extreme capitulary low of around $2-$4 (crazy but not impossible... my $6-8 target half way through the year seemed just as impossible) and find resistance at around $8-$12 (the beginning of the huge bull run).Of course, just my view fwiw. Personally, I&#039;ve got better things to do with my money but I have enjoyed watching this stock and brush up on my basic TA skills which I have no use for nowadays but am forever amazed at how accurate they can be <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite9" alt=":eek:" title="Eek!&nbsp; &nbsp; :eek:" loading="lazy" data-shortname=":eek:" /></blockquote>

[QUOTE="ftw129, post: 804539, member: 47251"] So the stock has now entered the upper band of the target area. What you want to see is a bit of stabilisation in the price before jumping in but placing small chunks in between now and $6 smooths out the roller coaster ride and satisfies the fear of missing out. Ideally, you'd want to see a bounce followed by a higher low or at least some time taken up at lower levels. It's difficult to imagine this stock regaining it's huge decline in the same amount of time that it has come down. Not many charts look that pretty that aren't penny dreadfuls. A likely scenario will see this stock oscillate for a few years between a possible extreme capitulary low of around $2-$4 (crazy but not impossible... my $6-8 target half way through the year seemed just as impossible) and find resistance at around $8-$12 (the beginning of the huge bull run). Of course, just my view fwiw. Personally, I've got better things to do with my money but I have enjoyed watching this stock and brush up on my basic TA skills which I have no use for nowadays but am forever amazed at how accurate they can be :eek: [/QUOTE]

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