Chart courtesy of www.stockcharts.com

Looking at the technical daily chart above, the stock failed to partake in the rally started in November. This stock formed a rising wedge/flag over the last few weeks and broke trendline support last week. Looks like a trend reversal and a move to 7 level looks inevitable. Shareholders who prefer higher risks may hold with a stop-loss at 7.5. Let's keep an eye on it.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.