To be frank, it's not looking so hot. Even if it does bounce as you suggest, it has a lot of overhead to overcome.
On the plus side, it is a very volatile stock and can make terrific one-day moves, and is also on the bottom of the longer term channel. It also likes to fill gaps so there may be a quick trade back to the 50ish mark.
Perhaps even a backtest of the 200SMA is on the cards but it is looking very unloved at present.
I am sorry if there is too much "comment" in this but I don't like to see people chasing long-oriented trades once they have broken down like this has.
