Yeah, this has shown some significant movement already but there's a lot about these charts that suggests it's only the beginning of a long continuation. If you're looking for cheap squeeze-bait, this isn't it. But it appears to be setting up for a real regime-shift that's going to provide opportunities for trades, swings, and a near 100% return if you're a holder.
Eyeball the daily (attached) and look at where it moved off the April low \~$5.10. It followed the base and then began gobbling up moving averages. It displayed real structure and it's currently above the short/intermediate EMA's. That is neither a random spike nor a dead cat bounce.
The hourly (attached) structure is clean. Nice higher lows & highs and stacked short-term EMA's, reclaimed VWAP. Now it's riding above the 9/20/50/200 EMA cluster. Just super-constructive IMO.
The 15-min & 5-min charts (attached) get a little chart-nerdy and the story is a bit more subtle but the TL;DR is they both suggest a real range break that has potential to sustain and continue. See how it spent time compressing under \~$7.25-$7.40 then broke and held above prior? Prior resistance is starting to act like a support shelf.
In short, the charts show compelling, even promising, behavior. We need to see the $8 break and I think we're gonna but, remember, this isn't an overnight low-float squeeze. I'm looking at this for a hold, potentially even through EOY. I'm not big on LT swings but this one ticks a lot of boxes for me and it shows a chart-based path back over $12 given time.
I'll update this in a bit, need to break away and watch a few trades.
Thanks all and G\*d save retail...