See also previous blogs. We got to $7.72 right at the end of August. Timing seems to fit nicely but the low was a little shy of the “ideal” Fibo $7.08 but still close to a number of other targets. With a little imagination a 5 wave sequence can be counted so our guess is that the rally has started. Remember this stock comes from $29 so it went down at least $21. A normal, minimal retracement would be about 1/3 or $7.