Probably a bit late but can be used for further discussion - the chart said a lot by the third day - Of course it is always hard to just cut there but that bar was a real live warning - that is not a snipe at anyone btw - it is what it is - The next bar broke down again as did the next one - The tricky part was they just dropped on lower volume also so that may have encourage some to not panic as yet - 7 days later it still gapped up etc etc - Every now and again we get various things that really are hard - at this end of the market on the small priced stuff I am usually sceptical - however this one was not a really cheap one so - all we can do is comb over the chart and learn from it - One of the best radars in trading is a breakdown bar - that said there were a lot of opportunities also for those that bought the lows and traded the individual bars ---- on those bounces - so there is always a trade -sincere commiserations to anyone that got their fingers burned on this one
