Stock had taken a beating coz of poor results in last 2 quarters. Given the sector is doing fairly well and other stocks have moved up sharply. I feel there is a reasonable chance that this company may also head north.
Charts show that bottom formation has been made and RSI is also showing a strong divergence. Hope to see a quick 10-15% move shortly.
Stock is showing RSI divergence on daily charts along with a very high RSI on weekly chart. Today, a bearish engulfing pattern has formed also. Break of 287-88 (closing basis) can bring a corrective move on the stock.