This stock is a very volatile and thinly traded one. So trade with care!
I will approach this chart from the viewpoint of patterns and trends.
This stock has been experiencing a lot of gaps over the past months. A pattern has emerged: the gaps will always be covered within a few days. Another pattern is that a short term reversal will occur when the price breaks the 2.0 bollinger and rebounds.
Higher lows indicate the short term trend is still bullish.
My take: a gap down to the 1.4 or 1.36 levels will present a good opportunity to buy. The price may try to test 1.55 again.
I hope this helps!
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