Originally Posted by
Baa_Baa
Interesting, two Shooting Star daily candles (reversal signals) on Tues May 31 and Thur Jun 16, both gap open, both followed the next day by gap close drops.
$2.07 close Friday 17 June brings the $2.02 support into play again. There'no significant technical support below that until Aug 2014 low $1.87 (weak) and Oct 2014 low $1.75 (strong).
This could get really ugly if the $2.02 support breaks down then a dive to technical support below could happen relatively quickly. Conversely a bounce here or before $2.02 support would signal a double bottom indicating a reversal probability.
On balance it looks more bearish than bullish right now. JMHO, best to have eyes on and fingers on the trigger.