By Jeff Pierce 

Nov 29th (end of day) – Huge bounce for 16% almost immediately after posting the chart below.

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Nov 29th – Strong move up in November and the way the chart is behaving from a RSI perspective, it looks like a good place for this to bounce. If this current price support near $2.60-2.70 doesn’t hold it could have one more leg down, so I wouldn’t be an aggressive buyer at current levels in the even that happens. The RSI could move all the way back down to 40 level, which could translate into another .50 cent move, so saving some money to add to position near $2.25-2.35 could be advantageous.

Over I like the stock but it being a lower volume stock and under $8 do categorize this as a speculator stock so be aware of added volatility.

otiv

 

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