It appears to be in a downward channel. But there is a lot of support at 8 flat. It might hold it. You could always buy half of your bucks at 8 and if it breaks support average down.
I think the risk reward ratio is very sweet at 8 flat... To sweet to let it pass by... But I will let it go so I can buy more stock in silver and gold explorers with proven deposits... But even then I like U... Uranium that is.