The patterns might be changing.
Now that the 11 dollar "Bottom" has been broken down.
I get the feeling, that old wall street AVXL game feeling, that the price is being manipulated up and down and goes wherever the powers intend it to go. and thats a hard game to trade. 10 dollars is a logical target now, as is 9 and 8.
The technical resistance overhead is looking at 11.70 area then 12 and 13. But who can say how high or how low the powers will trade this.
For several times in recent months,we saw the Bottom hold around 11 dollars. Now that got broken today. adding more caution to the picture. a 1 dollar bounce is nice to see, but if the money controllers intend to cap it and send it down again they surely will do that.
How do you bleed a price down from 16 to 8 dollars? step by step, in scalloped bounces and roll over plunges. Now it has broken down 11 dollars. how high will they allow it to climb now before they bleed it down some more.
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