Mar. 17 at 2:58 PM
$MBOT Ok, I'm going to make a bold prediction solely based on this chart. Twice now we have hit the bottom of this channel then popped to the top. I even tempted fate by selling 2.50 calls after that pop from 2.10 to over 2.50, then bought them back for less on the pullback to the 2.30's. That was a gutsy, aka stupid, move all based on that chart, and it works completely as expected.
If this pattern hold true, I suspect we stay in this 2.70 area for another 2 or 3 days then pop again when we get to the bottom of the channel. I say Friday or Monday we get into the 3's.
However, I reserve the right to be wrong!
