upward channel for this particular stock. and indicates a momentum.
It may be reaching its distribution phase soon once it bounces back to the support line and a candle confirms it.
If not, I may be able to earn 50c/share for this stock. I would only buy a few shares because of the low trade .
The risk is moderate. It is also important to note that the is reach lower highs signaling that the buy-off is almost over and the bears will soon come in.