Thanks for the post! I read MACD a little differently than most. So, from my take on it, it's confirming what I see in the Stochastic. If you look at the weekly chart, the it's pretty obvious that the strongest line of support rests right at $1.25. Will it go that low? Probably not. The next strong line of support is around the $1.60 area and then $1.85 - $1.90 and on up. So, after looking at the weekly chart I would not be too quick to buy back in above $1.60 unless I had a very good reason like a confirmed buy signal. I would be a buyer at $1.25 just on principle. After all, how low can it go following the nice run it's just had.
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