the biggest loser, page-3

Delta.

Not that I lay any claim to being a technical expert but I do know a thing or two.

Likely scenario is a further drop to the double bottom of 16c.

Bearish scenario is if we close below 16 which would set up the horrible prospect of a revisit close to our all time lows of 11 or 12.

The best thing we can hope for is that we resist this pull to 16 and bounce off current prices to close at...say...18.5 or 19c.

If we then get a continuation to the bounce and thereby confirming the denial of the retested lows, this would be an EXTREMELY bullish sign (sorry for the dramatic capitals).