We can see that we are in a overall since hitting highs in 2011. However, if you look back to 2010, before hitting highs, this level was a key point of support before launching back up. However, we have seen lower highs, and lower lows, so there is the chance that instead of bouncing off the 1.85-2.05 , it runs right through and could hit as low as $1. However, if support holds, there is no reason this stock cannot revisit the highs of 2011 when commodity prices start running.
Remember, this is a very long term chart (weekly). The from 1.85-2.05 - MUST HOLD.