Well, last thing you ever want to be doing is buying on red...

Well, last thing you ever want to be doing is buying on red candles but do keep an eye on this as you can clearly see what happened to the SP the last time it wicked out of bollie bands. (yellow box)
However, for those wanting a position or to add to a position I'd be waiting until you at least saw a daily close above that yellow 8ema. Even then it's a risky entry as we all should be disciplined to wait until the SP is above the Bollie median line which signals a reversal of the downtrend.

Re CR's, companies raise funds whenever they can, so if there is a deal there, management will grab it whether they need the funds or not and they won't give retail holders one consideration.
Another reason to wait for safe entries. IMO.

Cheers.