The weekly chart shows tripple bottom and bullish flag and start of the third elliot wave up and pending move to upper BB and extreme oversold condition on lr30-30. And we all know that stock was sold on positive news for NFI i.e. competitors having trouble and no reason whatsoever for NFI to got down except lemming mentality of the crowd.
It can go to 28.75 and still form the cycle wave 3 impulse going up. An alternate wave count has to be considered . The 70.31 could have been a fifth wave top and this weeks action third wave of c in an abc down.