Consider this thread a continuation of the popular "So when is it safe to buy $XONE?" started on Sept 12, where I reported our TA work which suggested the swoon on XONE was just getting started. There we predicted the 50% retrace was to be tested and the double top target.
Today, the 61.8% retrace was violated, but on little volume. Still, a close below $44.62 will start to act as upstide resistance, likely requiring a new test of today's low prior to advancing beyond this fib level. If today's low as a putative bottom does not hold for the next two sessions, look to the 78.6% level at $35.33.