We are expecting some big news here shortly. This stock has been shorted, by a few making some coin, but not a lot. However, the lack of volume and news is what is making it so effective in stifling any price increase. So, if we get it in the next week, this stock can more than recover. If we don't get good news, which I believe is unlikely, then your scenario may occur (dropping lower).
There are positives and negatives on the chart. EEDG needs to follow through with their update and all will be rosy as far I believe and we'll be set for another big run.
GLTU