T/A guyshave any number of tools that can be used for chart interpritation.Trendlines,candlesticks,chart patterns,indicators etc.Different amounts of importance are placed on anyone of these by each T/A guy.Weekly or daily chart in this case I see a descending triangle,so caution is in the air.Of course near future type events may influence what you expect in your outcome of the near future.Good arguements are made for both sides of todays price.Yesterday was cloud cover/bearish engulfing which says lower prices are likely.This is a short term interpritation.Verified by todays price.It is certainly possible with a longer term view that a break to the upside may happen.With these wobbly markets,use caution.S & R is nearby and needs to hold.I don't hold the stock,I am not pumping or bashing just looking at the chart.Don't look at it as who is right or who is wrong,the key is what is accurate.A poster or two is trying to grasp chart reading,this is not a 2 day course.May take you a couple years.It's the little tiny details that can make a big difference.Fundementals,drill results,investor outlook,market conditons can change in the blink of an eye(recent panic selling for example)T/A guys have their point of view,currently I see caution and any action required is up to the investor.From a right or wrong standpoint,If I have made an accurate(right) interpritation there will be more weekness and if I'm wrong you will be making lots of money.No harm no foul.Lots of T/A guys here trying to figure out the most likely senario.I'll leave you to it.GLTA
JL