The Chinese low float that could run!LICN has been on our radar ever since it broke out of a VCP type setup. The stock ran into resistance and now has seen a heavy amount of trading around the $2.30 - $2.50 range.
In our opinion, the stock provides a low risk, high reward setup with our target being the AVWAP from the IPO high.
Strong support is current present from the rising 50 day MA and the AVWAP from the all time low.
