AEMD Potential Double Bottom Reversal

AEMD is seeing support near the low 3.30's and could be bouncing now. The 3 and 4 hour charts show downward momentum is exhausting and the 1 and 2 hour charts show upward momentum. Recent past shows resistance near the 70d MA so I will be taking profits when it starts closing in on the 70d MA (estimating 3.90 range) and I have a stop loss set at 3.25. Which should be near a 3:1 risk reward ratio. However if it breaks the 70 MA I think it could run up to the 1/3 line and could potentially see a higher high.