young punk...if you expect $2 as a first stabilisation zone...and if that doesn't work as a sustained base for recovery ..at least a 3 month basing structure ..then expect about a 62.5% retracement from the high of $4.27 ...about $1.40 c...sorry I don't make the rules I just follow mathematical retracements ...Fibonacci ....and the natural flow of numbers ...would be a good place for you to start ..it's a progression 1 1 2 3 5 8 13 21. etc...now working on percentages ..you'll find some remarkable stuff...like how populations expand..no of many things in nature follows the Fibonacci sequence...and very often the way the stock markets and shares move!!!!...hope it opens your eyes to the wonders of the guiding hand of nature.
All the Best to All.
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