PEIX , along with the rest of the ethanol sector, has taken a big hit recently with the drop in ethanol spot price. With corn and ethanol dropping at the same time, the future looks a bit unpredictable. So, lets have a look at the chart. Price has broken through the bottom of the drawn. I have added a clone of the last quadrant to help look for possible points of interest. The big question is where are the buyers? I have also added a horizontal blue line. This is the first place I will be looking for demand/buyers. If they are home, it may provide an excellent place to catch sail on the prevailing wind.