It don't understand much about TA, but I found following text written von Tuesday:

http://www.simplytraded.com/ptk-jan-12-coverage/

The author talks about two scenarios/options and it looks like Option 1 is on its way - maybe.

Quote:

"Option 1: The stock goes down into a curve similar to the pattern in the previous days. It then returns bullish after a short term reversal and breaks out from the 1$ resistance. This would be considered a buying signal with roughly ~90c as the stop loss. In this case, the 35 day moving average will show an upwards trend and diverging away from the climbing price."