Followup; a trader emailed me asking:
"hi ken,

i just wanted to ask you...how did you do this?
how did you know that the line would go up again?
what kind of strategy did you use?"

For this one, a combination of decision points:

a) the first 300-share trade, I bought on the hammer pivot near the day's lows.
Unfortunately there was a bad news release after the bell, and the stock gapped sharply lower.

b) after watching the price action for a bit on Nov 11th, I saw that it wasn't being sold down any further below it's initial support, near .35-.40, so I started buying it.

c) I bought it several times that day, to build a position, since it didn't drop further on the day. At the time I bought, I was anticipating an upside reversal sooner than actually happened (two weeks later!), and thankfully it worked out.

d) the Exit: I saw that it wasn't able to break over 2.0 whole number resistance, and since it had gone up a multiple of my entry, I figured it was a great exit (it was!) so I took the money and closed out most of the position (2,000 shares) for a healthy profit.

this one will likely be volatile in the weeks ahead, so I'll continue to repeatedly look for good trade entries in it, as it gets overbought/oversold for entering and exiting.

Good question! Hope that helps, re my trade rationale for it.

Regards,

Ken