Pretty much any time a stock breaks support it tests the one...

Pretty much any time a stock breaks support it tests the one below.

I got the same complaints when I said it had to test 13c.

And the question was whats below here, if it breaks down, its pretty easy to see there is no real support below here back to 4.5 and then below that nothing until 2.5.

I personally think 4.5 is almost a given, and I originally said I wouldnt touch it again until it touched 2.5.

Might still be right about that yet.

Its just an opinion though, like every one else. But it would be silly to just assume it cant fall that far, because it ran that far. This was mostly a hype machine trade that lured in a lot of inexperienced and emotional retail investors, that are all still in and panicking IMO. Could get a lot worse before it gets better. And even then stocks dont just bounce back from bottoms like this to all time highs, they take forever to come back from this kind of fall with all that over hang.

Again, just an opinion.