I don't think you'll get a $12 'dead cat' on this sled. The upside IMO, they will have to throw everything in the blowing gusher of RED to stop the bleeding at $9.00
...and hope it holds there.
Somebody knows something on this pig and it's not the longs, and it's not 'good news'. -JMO-
My upside prediction is a dead cat bounce back up to around 12. Then the decline continues back down to 10 for a re-test. Those that play this bounce must be of a tight trader mind set with a tight risk adverse stop. Good luck