Technically speaking...
... it has broken down. The Double Moving (21 & 50 week) Average Crossover and the 21 day moving average were breached last week. The Hanging Man, Fast Stochastic, Momentum, Williams %R, and Slow Stochastic are all Bearish and more will be added today unless there is a last minute recovery. The reported short position is now 1.6 million, not huge in itself but the highest it has been since March of 2013
The good news is the volume has been light on this side of the Atlantic. The other "good" news is there is technical support at $1.85.
I don't expect to see any significant price gains until next year when we hear the FPF-1 is on the move to the Stella site or, as a long shot, some takeover offer surprises the market.
I'll be holding for the long term but not happy about the way this play has developed.