Back on May the 12th. a Friday, we wrote that this stock should be bought on a lower opening the next Monday. That day it traded as low as $6.25. It did not break the $6 level that, according on the count, it could not do (see the blog). Here is the chart today;
The stock shot up to $9 and then dropped back most of that. An a and b in our opinion. Now we should get the c, or, alternatively, the 5th leg down was not yet complete but still it should not go below $6. If the ABC, with C as a diagonal is correct, this one could retrace the entire C wave bringing the stock back to $16. Both the RSI and MACD are in up mode.