Swing trade/Buy point For long term

Current price for this stock looks like it will hit 16.00 after which it will break out in either direction because the fundamentals are good and the stock is undervalued (within it perspective industry) I speculate that it will have a bullish take off one hitting this level of support which happen to be a level on the Fibonacci. Also the RSI show that it still has some room to go down before it is oversold thus furthering my speculation.

Feel free to give me your opinion, or add anything.

Thanks