Reading chartsHaving been a former professional in the investment industry with technical training on Bloomberg's platform I can offer you my humble opinion on the chart. First of all, charts are just one input consideration. Never ever think they are reliable. Never listen to anyone that does not blend the chart with some fundamental analysis and sentiment gauging. The IAN chart is nasty, so are today's fundamentals and today's industry sentiment. On June 13 you saw a volume spike of 2.8M shares with a big uptick that could be attributed to oversold pattern or short covering. It sure looked to me like buyers were coming back in. Then the stock continued to drift lower on quite decent daily volumes. NOT GOOD! And now we have broken through the previous 12 month closing low, as well as the 12 month intraday trading low with decent volume. The IAN trend to me is down and the next best time to buy is after capitulation. No way would I personally jump in during a downtrend with no foreseeable upside catalyst. I am watching for a "hammer" which is a candlestick indicator that usually indicates the end of a downtrend (price reversal) when it is also combined with a spike in volume. NEITHER has happened yet. That's what the chart says to me, but this is not a definitive science or we would all be swimming in a private estate pool down in the Bahamas. For me... it's wait until the longs are cryin' before I start buyin'. Enjoy the summer! Cheers.