The 9 Dec 'Hammer' candlestick with a long shadow, following the...

The 9 Dec 'Hammer' candlestick with a long shadow, following the sustained downtrend, could signal a trend reversal. Wait for confirmation tomorrow (10 Dec) before getting too excited. It would certainly make sense, given that we are now well into oversold territory.

I had said a couple of days ago that I thought there was a 70% probability that price would bottom out in the range $4.41 to $4.48 by Tuesday of next week (14 Dec). However, I would be absolutely delighted if Friday's price action on 10 Dec proved me wrong and the climb back started from current levels, rather than falling another 34 cents to my forecast range.

I'll take a trend reversal whenever it comes and be thankful for it after the last twelve days of agony.