If it wasn't a bought deal, I'd be surprised. There's a gap in the 60 min chart from ~May 23, 3.68 down to 3.52. Obvious downside is 3.31 and 3.03 but this could just be the market maker forcing some technical capitulation at 3.75 from the uber traders. Otherwise we are getting into a major oversold condition and buying here at this technical setup in the past 1.5 years would have returned signifacant gains, but this time could be different.