I believe that the bottom for this slide was at 22. I bought at 22 and 23 and have orders to buy more below 23 if we revisit the lows. I put in the limit orders for 22 and 23 when the stock was still in the 26-27 area because an analysis I had done has suggested the stock would bottom in the neighborhood of 24. Knowing this stock is volatile I had set orders 1 and 2 points below my target hoping to pick up cheap shares, and I did.
Since my buying, the stock has moved up and broken through the upper band of the downward trend line, which I take as a confirmation. Of course, if I were to buy now I would pay 26 1/2, $4 more than I did earlier.
In the absence of my own analysis, there is just that single trendline breakthrough as evidence that we have bottomed, and I can't put too much confidence in just one indicator. Thus, I would have to conclude that based on standard methods it is too early to say whether we have based. Do people agree or disagree?