As I have stated before, when it comes to my choice in trades I avoid an asset's fundamentals in every decision I make. I am without a doubt, a 100% technical trader. And Verge is hitting pivots and statistical probabilities almost to the tick!
With that said, I am certainly not a buyer here, although long term the risk to reward most certainly favors buying. However, my primary strategy in the market is hardcore money management and executing when my personal TA provides the requisite confluence.
Waiting on subdivision and how the market chooses to handle the next wave. My educational opinion only ;-)
--longmoney