As we can see from the chart, after the break below of the up trend line, the price of the stock slumps for 36 cents. The price rebounded when it reach the previous strong support line 1.88 for 30 cents to 2.18. However, the stock couldn't stand for the high profit taking volume and retraced back to 1.88 and formed a down trend line. On 08/09/2010, the price touched the strong support line again 1.88 and rebounded in the following day for 6 cents with a medium volume. This could be just a minor correction of the down trend or the starting point of the reversal. Therefore, the confirmation can only be made by forming another white candle with higher volume or the break above of the triangle on tomorrow (13/09/2010).
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