The price has been near the $4.5 level for a long time. There is accumulation, after which there will be a squeeze lower and a quick buyback. This will knock out the weak players and force them to buy in again at the $8 level. Then there will be a flop in the $6-$8 range to get the weak hands to sell again.
Trade closed: target reached:
The price reached the indicated range of $8.6-$9.4. We received the subsequent price pullback and now we are in the range of position set.