SPPI: Possible Reversal from Bearish Correlations?

Right now if you look at the tumbling pattern for SPPI, from the outside it looks terrible. It looks absolutely awful. However, for an entry price after this horrid plunge, it is quite considerable. SPPI looks like it has been oversold, and that the breakout potential looks to be there now. Right now, I think the entry is decent with mid to high risk given volatility. The charting patterns and volume + after market hours would make many day traders intrigued. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.