This chart reminds me of ANI when it was at its 52 week lows at 1.xx levels, before it rose to 5 levels. The difference however is that ANI’s price movement prior to its run was much smoother, more determined, due to solid candlesticks. This one needs to get its act together.
Long wicks are what happens when early speculators take notice of the insiders’ motives but the latter are not quite done accumulating yet.
Just a perception.
Check back in a few month’s time to see if this brings its speculators to the land of unicorns and butterflies, or to a dumpsite.