What concerns me is that there are still a lot of sellers. This stock just spiked again nice long wick and closed well below its lows for the day. Everytime this has happened in the past 2 years its proceeded by another bearish downtrend. In saying that an inverted hammer at the end of downtrend can be viewed as a potential bullish reversal. The news out today helps support that scenario I hope.
this is a strong announcement , page-10
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