there is evidence that it is a safe buy, for at least a move back up to hit the next resistance(in red)) is probably in order.
We have now hit that resistance, and we'll see if in due time we can break it with significant volume. It won't be easy, unless there is news, IMO. I believe the .64 bottom will hold up now until at least the second week of January. It's going to obviously rely on business execution to see if we can truly bottom.
I believe the matrix will show to have some good predictive ability. I'll try and get an updated version out sometime soon. IMO, JBI will be bought out for at least $1 Billion, and for as much as $3 Billion.