Based just on plain eyeballing the trendlines on the daily chart:
Vertical line intersects the previous downtrend line at 3.47.
Vertical line intersects the longer term downtrend line at 4.34 - just below the 4.39 swing high.
Watching if price breaks out of this longer term downtrend line or ends up as an FBO.
Nontheless, price failed to traverse from this longer term downtrend line to the lower channel line which gives us a likelyhood of a double bottom near the 3.07 all time low or create an inverse head and shoulders if it breaks below 3.07.
Daily full stochastics is oversold and Daily MACD is near the zero line and poised to create a positive divergence if price goes lower.
Price below book value.
Hmmm. What else would support a thesis not to short at these levels? :)