Technically. Right in the middle of everything..

Some observations:

• Not overbought nor oversold, RSI of 54
• Downward trend still in tact, buying will feel more comfortable if that is broken
• We think that that’s more likely to happen (because of fundamental reasons), but technically, there is little to suggest
• There is a faint case for higher lows, the one in Feb 11 is higher than the previous one in Sept 10, so there is a case to be made for accumulating when the stock falls again
• We’re also bang in the middle of many averages (20, 50, 200 day moving ones), not too much help from that either.

We have a feeling that accumulation will pay off, but it’s difficult to make a strong case for that. The best case is the fundamental one put out here