Yes it looks like a gambling stock. But there's plenty of those around and their charts tend to look similar so worth some study. I don't disagree with your view, other than Brexit. (The retail punters in this won't care about macros, and they're clearly not valuing fundamentals in any normal business sense, they're just riding a bubble on the stock). Rather my scenario is sitting between your two references if you can make sense of that.
I don't place any weight on daily charts but a daily head & shoulders sounds right (I'm not at my charts atm). Charts are proportional though, so a daily pattern might influence for up to a few weeks say. The influence of that pattern might be complete already.
Below this level 40 cents is clear horizontal support. I have no doubt it will get there and get support, I'm just musing on another likely run up first.
Neither of us are trading it so just an academic exercise to follow for interest. Time will tell.
As an aside I've been holding my Dow Jones long position right through this Brexit period. I think the markets want to go up and will find an excuse to do so regardless of what the UK vote is. Only exception might be a shock outcome either way forcing stops for a few days but should resume up thereafter.
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