Stumbled upon the U chart and I see some possible magic. Clearly has gotten obliterated even more than the overall market. What I don't like about the chart is that the price is currently under IPO price which is always a red flag. I am not sure what kind of BS has been going on since their IPO but I'm looking strictly at technicals. What I love about the chart VOLUME VOLUME VOLUME that's what I want to see as a bull. Appears to be some clear-cut textbook accumulation complete with a nice retest. That green doji to end the week is sexy. If it opens red tomorrow or turns red this is the play of the week IMO especially if the rest of the market is holding up. As always not financial advice just some opinions.
I got this one wrong. It tanked like 13% the next day. On a positive note, it tanked before I could get in and I traded the heck out of it the past couple weeks. I noticed a trend that it's been starting off red almost every day and usually fights its way to green and just scalped up moves when it was sitting at support. Right now, is an interesting time to buy as it is sitting at the bottom of the consolidation zone. I will watch what the general market is doing and if we do get a pop I might look here for a quick long scalp. Feeling skittish right now with all the down in the market so not super confident in big a counter trend trade.