when $2.00 or close to it comes, it be no surprise that another bounce would come. It'll be extremely oversold and that indicator has never failed me. Capitulation is a fair expectation so I'm looking for the volume to confirm it.
The bounce could be impressive, maybe back up to $2.50- $2.75 area. The trend will still be down however so for traders its an opportunity. Not for the die hards here.