Looks to me like someone fell off a cliff and got their jacket caught on a branch sticking out.
Personally , I think its in the buying zone - imo the chance of it going up is better than it going down over a period of a few months. Bought a few yesterday and won't be afraid to top up but not so deluded to think that selling of JP Morgan won't put further pressure on the s/p.
RXM Price at posting:
7.7¢ Sentiment: None Disclosure: Held