Here's the chart:
As I have noted in the chart. It appears that our asymetrical triangle has reached its end, and has decided to hand those who bought within the triangle a nice loss so far.
Don't give up hope, as I think all is not lost. Another intresting characteristic is the MACD indicator. It's getting pretty low, or oversold as it was at the end of January. You can see what happened at that point. The indicator turned up and the stock had a nice run from around $1.80 to close to $5.00. So, I think it's possibly getting ready to turn soon.
I would set up a buy order between 2.90 and 3.00. If you get filled, it will be at a low-risk point, with more upside than downside.
If you're a trader, I'd look to sell around the $4.00 point. If you are a buy and hold thru this bull PM market, then it would be a nice place to establish a position.
Until the next time...
Fiat Doubter
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