Oversold is an understatement, and as I dont like catching knives this setup is due for at least short covering and comes when a nice AB = CD pattern is forming as well as a Fib level on high vol. Coincidentally, Goldcorp (
GG) is sitting on a 1.27 Fib as well.
GG) is sitting on a 1.27 Fib as well. 
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