Been watching this one carefully since my last call on it where it posted 24% gains for me and waiting for it to pull back on the bottom trend line. I thought it would stop last week at support but it failed and continued to go down a little more. Today's closing candle posted a Bullish Engulfing candle which usually signals a reversal. You can read more about a Bullish Engulfing candle here.

What I think is key here is the support line turned resistance at $0.50. Indicators are in the same oversold position as last time (red circle on bottom chart) and ready to go. So I would think entry would be at $0.485 with a stop loss at the bottom trend line (which makes it $0.46) for an exposure of 5.1%. A little high perhaps, so place your stop loss accordingly. First target would be next resistance line at $0.54 for gains of 11.3% followed by the top trend line at around $0.56 for gains of 15.4%. The play should take no longer than 5 to 7 days.

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