About two weeks I did this chart and setup an alert in QuoteTracker to remind me when it was going to hit the bottom trend line again. That alert was triggered yesterday. The reason is hoping for a bottom trend bounce. Indicators are not quite where I like them to be for me to take a position, but a few more days and they will be. We might we a little pass the trend line but support has to hold or all bets are off. Also note that the formation its now painting is a Bullish Symmetrical Triangle and you can read more about that here.

So the play would be to get an entry at $0.52 (on the trend line), stop loss at support $0.50 (for 3.8% exposure) and initial target of $0.57 (top of down trend line) for gains of 9.6% followed by the next resistance line at $0.63 for gains of 21.1%.

Other daily picks can be found here.

Cheers!