Looks like it's broken out of that channel, however I think it goes back down prior to earnings in November. Seriosuly considering long term LEAPS on this. The Jan 2025 $3 calls are super cheap. Book value is $15. Let me know what you think?
Pros
1. Rising trade 2. Receding inflation/lower rates 3. Better political environment 4. Revisions up for GDP 2023/2024