I bought 10,000 shares of BATL at $2 yesterday hoping to go to $3 due to Trump’s comments about Iran. Today it crashed after Trump reversed his comments. From a technical perspective the chart looks like it has good potential of reaching $3 in the future on the daily and weekly chart. However, fundamentally the stock is weak. I am now down on my position from $2 to $1.40.
I need advice on this. Do you suggest holding for a hope that oil will go up in the near future and this will go up again or just sell for a loss?