IQ Double bottom in?

This looks way oversold, potential run up.

Technical Signs:

• RSI/MFI: Bullish divergence compared to the last drop.
  
• Bollinger bands: At bottom end (on 4h), looks like a potential rip to the middle.
  
• Fibonacci: 23.6% is at the top end of the range.
  

PT: $15-$16