BTW, you wrote: "I was not expecting a downward channel".
When a stock plummets like SNDK did, you always have to find and plot the channel of that downward move. It doesn't come immediately at you but as a few days pass you get more points to try. But clearly there will always be some kind of downward channel on a stock implosion like that. Finding it, helps you keep sane on the stock moves. JMHO.
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