Potential key reversal bottom detected for BYE

Detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), BYE represents a potential bullish opportunity with respect to a possible key reversal bottom formation detected, although the volume on the potential key reversal bottom signal day was rather mild. Trade suggestion would be to await for share price to test recent daily highs and observe indicator changes (i.e.: DMI/ADX and RSI) for signs of short-term bullish interest.

Stop loss for the trade (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 14th May (i.e.: any trade below $0.042).

Comment:

UPDATE (week ending 17-May): Trade not activated as yet (close, but no cigar - not enough volume and price increase days and bearish DMI not decreasing). Wait for signal.