The adage that comes to mind on this one is "The market is always right". It is in a weekly and daily chart downtrend with a daily chart simple moving average 'death cross' (the 50 period simple moving average (the blue line) crossing down under the 200 period simple moving average (the yellow line)). This makes me think of a trading 'no, no' called bottom fishing, when one tries to buy before any clear sign of a bottom.