It looks like another shake to get rid of all the sellers in the acumulation phase....
So far we have a small base and a double bottom at $2.12.
The volume is low so the downward push doesnt have much strength.
If it was at the top of a rally id be a bit worried about weakness but we're at the bottom already. I can not rule out another push down but if you look to the left of the chart (yellow) you can see all the trapped traders wanting out which is what the instos are clearing out now. They may wish to avoid the struggle and gap past them... time will tell.
Risk here is a cent or two and the gain is about 15-20c > not a bad risk reward.
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