X - 2020 Rebound!

X is one of the most beat up names of 2019. It touched resistance today for a moment and settled up after a few days of groping for a bottom at FIB support. I suspect that a lot of selling has been tax loss related and now that the new year is here we should see renewed buying interest in X in 2020. Have some work to do after the disappointing press release that shaved $3 plus dollars off the stock. Looking for this to attack $16 in the next couple months. Management has already pre-announced soft results setting the bar very low. Any upside surprises on the next earnings report should give the stock a chance of getting there. Patience.