Good read captain, I'm surprised that you are still holding as you tend to use technicals to prevent you getting loses, trading and entry. Anyway...
As you say the technicals up until yesterday afternoon were horrible, but the bounce off the all-time low was significant in my eyes (yes all-time lows). And now the coiled descending candle is that.........coiled tight and ready to burst to the up side.
Technicals in my book are 80% better than fundamentals and can generally tell what’s going to happen a few days before the fundamentals’. People are set now after yesterday’s attempt to get as many cheap shares as possible.
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