It has potential for a bounce back up to $1.40s which is good...

It has potential for a bounce back up to $1.40s which is good for a trade. Needs really good news to boost it up over $1.50 again. The announcement the other day was decent but they need to keep them coming.

I see this stuck in a pennant formation on the chart between $1.20s and $1.40s and will soon decide which way to break out. I think it will keep bouncing between the two before it runs out of runway by end of Oct. Will have to shoot out and break out either up or down in the next two weeks.

We are at the bottom end of this pattern so I expect a bounce, tomorrow or next week. Hopefully not break out to the downside and keep dropping. It's a waiting game but nibbling in around here