I suspect 1 of 2 scenarios. Scenario 1: We consolidate for a few more days, and on or around the 26th we break out around $1.10 (PT unknown). Scenario 2: We continue in the descending channel until around $.96->December 3rd, and then break out. Either way, within the next few weeks, I see a major move upwards. Again, PT unknown. I am personally hoping for scenario 2, as I will pick me up some more zerps at a well discounted price :)
Comment:
The fact that we remain at the top of the channel, in addition to the recent news, makes scenario 1 more likely. Unless they are looking to shake and bake weak hands.