All timeframes are down - daily, weekly and monthly. The monthly...

All timeframes are down - daily, weekly and monthly. The monthly chart is what I would call down to balanced. For this to come into true balance then 42 needs to hold and for this reason is such critical price. If we get acceptance and hold above expect a full rotation to the daily balance area high, outlined on the chart (52). At this point you should also expect the monthly balance highs to be tested, the most recent highs (78). The other alternative is a deeper pullback - I do think this is an unlikely scenario, given the bounce we had yesterday at 36 and the fundamentals of the Co. hopefully this helps keep things in perspective. Cheers