Look what happens when daily price breaches lower bollinger band (highlighted in green circles) - price rips back up
Price is just hovering on channel support
These two reasons are clear enough for me that price will revert up. One thing to note, there is a strong VPOC node in the $42 - $43 area (not shown here) as well.
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Grabbed 5xSEP14 50 calls at 0.15, will add more next week.