Well we won't be breaking up through 40c anytime soon as the...

Well we won't be breaking up through 40c anytime soon as the 20EMA @ ~36c has proven to be too tough a level to break in the early stages of this week. However, today is giving us an opportunity to backtest on the support line of the pitchfork that I identified in the chart above. This is a 'must' for any pitchfork to be credible, so we may as well get this backtest done now rather than later. Provided this 30-31 cent region holds up okay, then I wouldn't be too concerned. Given how illiquid CAP is right now, I'm not surprised that the price has pulled back so much today amidst the red market.