I say, could that be a buy point coming up?
I do believe it is! It seems that three strong support/resistance lines have turned into resistance/support lines, opening up a range of movement that I see as having the potential to push the price even lower. How low? Well, I doubt we will see prices lower than the 11th of February, 2016 when it hit low of $7.67. We will see if this formation firms up over the next few days or if it self destructs on the top side.
Either way, we would be in great shape!