KATX - Today's Bounce Off The Lows Could Indicate The Recent Down Trend Is Over

If you noticed... today's bounce was off a major support line. The stock closed down only 15% after showing more red earlier in the session.

I have a good feeling this stock will see gains into the weekend as the chart looks oversold short term. Longer term another test of $.10 looks to be in the cards. That price would be close to a double from today's closing price.

Consider KATX a Guru buy as long as the stock can stay and hold above $.05. If it drops below $.05 all bets are off.