I have been watching this stock also. The intersection of the uptrend and downtrend line could be interesting.For a low risk entry I would like to see it break out of the downtrend channel then backtest and move up from there. It is approaching a wedge formation at the intersection of the trends.
I am a VSA convert and completely sold on it. Mitta3 has been my guru...I hope he doesnt mind me saying that.
Would you share with us when scanning the market what some of the keys indicators are you look for. I have a charting program that can scan for anything but wrestle with parameters on what to look for...ie long term downtrend with breakout..10wk MA crossing the 100wk MA etc. Interesting to know what works for others and then one can drill down for a closer look.
