I think your summary is spot on, this could bounce here, or dump further, possibly quite strongly.
the daily.
shows a failed 1,2,3 low or higher low failure, always bearish and a sign this downtrend is not over.
Monthly.
This looks interseting imho.
First the clear h&s top, but the neckline break(and confirmation of the downtrend) only took at 1325p
So it could be argued, the down trend has just begun.
Major support at £10, and some supports just below, as you pointed, but once (and if off course) they fail, no real major support until 750p, and 646p (200 day ema).
below that the main long term trendline at around 475p.
The saying profit warnimgs come in three's, has some truth to it imho...
www.charles-stanley-direct.co.uk/News_Fe...hird-profit-warning/
So while a well planned long around £10 makes good sense in terms technicals and r/r.
I think we may not have seen the lows here just yet imvho....
Lets see how it goes....
atb, dyor, wdik
Trendfriend