For what it's worth...I expect the stock to continue to trade...

For what it's worth...
I expect the stock to continue to trade lower in the absence of any positive announcements. Should start testing the $5.50 level this afternoon, maybe earlier. Volumes are pretty low at the moment and this is a pretty volatile stock - so a break south on low volumes could be on the cards. There does look to be support at $5.25 but I think it depends on volumes. At that price, I would like to see upwards of +12m trading hands.
I'm buying at those prices with stops in place at previous low of $4.70. If it goes lower than that, I'll walk away. If I do trade today, I'll be doing it near the end of the day, not the beginning. Stay calm, have a plan to get in and a plan to get out, then stick to it. Number one rule of money management is survival!

I would love to hear an experienced chartists thoughts...

I appreciate everyone's comments. It's easy to wind up with a nice slice of humble pie (mmmmm pie) making calls on this stock. Still, any experience you can learn from isn't a complete loss... Always value others reasoned input...