Technical OutlookCalling a crash back down to mid-11.00s was easy. I called it on this board but noone seemed to care. The real interesting test imo is the 5 week MA on the weekly view. If the 5 week MAbreaks then there is a potential drop back down to $10.00. If I were to put odds on it, I'd say 60/40 in favor of breaking because on the weekly view you got a possible strong sell signal coming out of stochastics, and this stock is just coming out of overbought RSI, so it could run down some more. So bulls better buy up this stock in mid-11s or anything below it, or your looking at another 15%-ish drop.
The daily view supports a further bearish momentum, especially if 20 day MA breaks, then it would mean a break to the 50, which roughly lines up with the weekly MAs I mentioned above.
On a more bullish note, I highly doubt we will see any single digits until after November. So overall, if I were to make a wild guess basing on what we see today and what I am anticipating, we could see a head and shoulders formation with November being the second shoulder, followed by a gradual decline depending on whether the company turns profitable with Q4.