Flipping to the short term, we can see that what needs to happen on the retrace is occurring -- volume is light as price retraces.The two buy zones are shown on this chart, the first of which is within striking distance. I would look to start some small purchases around the $9 price level with the idea of buying on a further retrace short term. You do have to protect your holdings under the $8 level (take partial losses) because if prices retrace that far then the $6.75 to $7 level is likely to be hit. There's no need to hold all the shares on a retrace that deep if it was to come about, but do note that a retrace to that level is possible and would be a normal correction on a long-term basis if it was to occur.
Bofi Charts: Long-Side Opportunity
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