Absolutely not. The writing for this rebound was on the wall due to, for example, plunging short interest (since very late December) and the proximity of the share price to various longer term technical levels, which it couldn’t breach.
The only reason I didn’t comment earlier was due to the holiday break.
Volume was strong today so that’s one huge positive.
For this rebound to be sustainable though, it must be backed up with great news.
You should all hope today’s jump was related to a leak (of impending news) otherwise the technical traders will be back to knock this back down to the 40s before you can make another short-sighted and baseless claim.
AZS Price at posting:
59.5¢ Sentiment: Buy Disclosure: Not Held