Yanlord

Commentary:

One way ticket. Down, down, down. Weakness in recent rally was apparent when price fail to move anywhere near downtrend resistance line. Breaking of all time low in today's action could signal of more downside momentum. Bollinger band tightening suggest of explosive move soon.

Strategy:

Traders can consider short position with tight cut lost set at above $0.65. In the unlikely event price move beyond $0.69 (which is the gap resistance $0.67-$0.69), this would signal a reversal and potential double bottom formation. Market getting volatile, timing and speed matters. Trade with care.