Idera Pharmaceuticals Inc (IDRA)

[Citrati]

This is a timeframe and type of chart you may want to be looking at now and analyzing along with the shorter term you showed.
http://stockcharts.com/h-sc/ui?s=IDRA&p=W&b=5&g=0&id=p14323028001
Rather than going all in, it may be worth considering scaling in at likely spots so that if a jump occurs you have some. Just another idea. Bottoms are tricky. Especially, when a news event is uncertain in its timing, but approaching.
The confluence of market downdraft, sector downdraft and a long quiet news period as merged to create an unexpected value opportunity.
IMO, SYN may be reaching the point where fundamental gross undervaluation demands action.
Best Wishes what ever your strategy. The above is just one opinion and not advice to trade by.
SYN