August’s key low at 20.75 is likely to have turned magnetic by now, implying a test of support that bulls should not fear. A dip below it seems all but certain to generate a tradable, snap-back rally, since many patient, hopeful traders will get shaken loose on the initial breakdown. In the meantime, just in case the stock turns higher without the downtrend having run its course, we should monitor the 15-minute chart for signs of life. Right now, it would take a thrust exceeding 22.89 to signal a pulse.
