Largo
A Risky Long
There are a number of technical factors that lend HOTR to an upcoming (temporary) bull run. RSI is in oversold territory, short interest is on the decline, and Acc/Dist has been moving up since November. 5/17 gave us a surprise earnings beat, still negative, but the most promising yet. Despite the technical factors and improving business performance, there is still a strong downward pressure. The last few weeks have been steady bleeding from 80c to 50c region. As the bleeding continues, we will see volume pick up as daytraders set their sights on it.
Disclosure: I am long HOTR.
Disclosure: I am long HOTR.
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