X - revisited

It's been about a month now since X fell out of the uptrend channel that looked so promising. During this time it has (so far) held several prior bottoms and appears to be constructively adding to its extended basing formation. Still like this non momentum play to make some significant gains going forward. Like all cycles its hard to pick the exact spot that the turn will occur but if you buy here and set your stop loss at the $9.93 low, I see a good risk reward play. MACD and RSI starting to look favorable again. Stock is still in the show me phase but with expectations very low any "good news" could put this right back in the channel and on its way back to $16. I believe a lot of the infrastructure here and abroad will need to expand and be redone to usher in the next 10 years of this century and population growth. $1.8 billion dollar market cap. APPL adds ten times that amount to its market cap daily. Just saying.