That's trueYou could be correct & this keeps...

That's true
You could be correct & this keeps tanking
(However this is bushfire season in the USA, covid is under control, so I'm expecting a much better quarter than the last)

But my analysis is as follows (thinking in terms of both a bear & a bull)
Red lines show the downward trend (bears)
Green lines show the upward trend (bulls)
On the 10th & 11th August, it poked its head out of the downward trend, upsetting the bears (could have been a bull trap)
Since then, the bears have pushed it back into its downward trend (or this could just be a simple pattern of accumulation & distribution)
In saying that, the bulls have managed to maintain support (above the green line), which is where I used my calculation of $6.15 as the low of the week
$5.94 was the low 2 weeks ago (so that's a positive)

I buy every 2nd week & I sell on the alternate week
It's managed to bring my average down quite significantly without taking any real losses so far (with some decent profits along the way)
I don't know where the stock is headed to be honest but I want to be holding because as soon as any announcements occur, this will open up considerably & I'll be too late to react
And no, I don't want to be paying $10 or more for this stock later, when I can buy it now for $6 (& possibly under)

If it pokes its head above $6.59 next week, it's broken out of its downward trend & headed above $7
If it breaks below $6.15 next week, it's broken through its upward trend & headed under $6 again

I'll assess the US markets overnight & see how RCEL performs ($21.65 was my predicted low)
Then wait until Monday morning to see what my next plans are
Next week is my sell week, so I have to choose which day is the best to offload some shares