Could be a buy here. On support and has met its downside count...

Could be a buy here. On support and has met its downside count from the "reverse flag" formation (I forget if that is its real name). It has also met its count from the head and shoulder formation that formed between 6.2c and 8.5c. No evidence of accumulation though from OBV, which tends to make it (in my view) a risky buy here.

On the weekly chart it COULD be completing a major base formation. A more conservative strategy would wait until the downtrend is broken and a new uptrend is initiated on good volume.

A brave trader could enter part of his position here.

In a situation like this, I would check the fundamentals, and especially the liquidity/funding situation. Are they solvent? What do their half yearly accounts (just released) say?

Do your own research!