Looks like a very good risk reward play around here based on...

Looks like a very good risk reward play around here based on price action. It will need to clear $1.32 - $1.41 before its in the safe zone again though.



Longer time frame it just looks like a massive corrective move lower (if assumption is correct price will move back to recover most of the drop in most cases). Only risk here is that's moved below float price (correct me if I'm wrong).



The magic all in houseit number is <b>$2.80</b> where it overlaps the assumed A-leg.