Hammer - IO Reversal ?, page-12

great call.

At 4.65 last night I called it higher as these are the annual lows and the triple bottom point and intraday it opened way higher and then held on despite 3 shorting attacks intraday.

candle is a higher red with 4c body 4c tail and 1c wick

Now this looks more like an engulfing sledge hammer at annual lows signalling reversal of trend in that the lows were bought up and it opened higher well above the prior lows so bullish sentiment returning with the daily close looking strong as the shorts failed to drop the closing tops of 4.72

Its also a confirmation of the support line at 4.65 that I called in Feb when it was the lofty $7.
The double cliff face has now become a bouncing ledge at annual lows
I expect a runup to $5 again and then a breakout to $6 with the divvy led run in Jan Feb as usual.
DYOR