My guess is that the only news that would cause a V shape recovery is a takeover offer. But given that the shares went from 44 cents to 1.59 in under 3 months and then has fallen back to a low today of 73 cents I suspect that the TO offer is not going to happen soon.
There has been very little buying pressure since the dead cat bounce high of 1.13. Other news could slow the rate and even cause a bounce but I think that there would need to be a series of releases.
As to when to buy in, well that's why I use Fib's from the charts. I also like to check the weekly charts for when a weekly hi-low candle is entirely above the 10WMA. Currently that 10WMA (currently at 0.96) and is dropping 5-6 cent per week. That could be more than several weeks away
Anyway good luck.
cheers Lies
PET Price at posting:
76.0¢ Sentiment: Hold Disclosure: Not Held
(20min delay)