Just looking at the chart here and I think that there is a case to be made that today may have been a significant low. If not THE low then at least the low before a decent bounce. I would argue that today we saw the completion of a classic double top break down with an equal measured move below the neckline. The daily candle adds strength to that case as we saw panic early on followed by a significant recovery which left a rather bullish looking lower candle wick.
There is still the issue of that gap at 2 bucks.....but that might be a story now for another day. Maybe.
1PG Price at posting:
$2.52 Sentiment: None Disclosure: Not Held
