Here is my wave target analysis. That is why I don't think RD will not go down to $62 or lower.
RD bottomed at June 1 and establish a beginning of wave one swing ended $68.34 and pulled back for wave two correction at $64.79, then started wave three that has a target of $70.50 to $72.10 double top. IF this rally pulled back below $64, then this short term bullish wave is broken. I believe that RD will reach this target then pullback to $68-66 area. We will see a better picture when we reach the target give a hint on what it will do next. Just my opinion.
I wish I could say I had the same sentiment Ray, but I don't have a warm fuzzy on this up trend..possible pump and dump brewing..don't get get caught in it. However, if you are going to play this move..play sparingly and cuatiously!!! JMHO! GL!