Looks like 45 cents and then upThat double top at 83 cents in early April has been hanging over this stock. Double tops are one of the most reliable technical formations and it looks as if thsi one will be played out.
That means that a retest of the 45 cent low of early March is likely. That also happens to be the 50% fib retracement of the whole move that began last December.
And this whole decline of the last few weeks has been on steadily declining volume. That would indicate that once this double top scenario gets completed it will resume the up trend with gusto.
I'll be loading up at .45