Long Trade on RECLTD

I was reading about channels and MACD this weekend in Dr Elder's book. I found a stock RECLTD. The company is fundamentally very good. The company has posted consistent growth year by year.

Technically, the stock had a beautiful run from 70-80 levels to 400+. Now, on weekly the stock is in downtrend. The impulse does not allow to buy. On the Dailies the stock is making lower highs and lower lows. It is trading at the lower band of the channel. I don't see any MACD divergence on the daily charts.
I wanted to know how much pain is left in this stock? What is to watch for in this stock? Please advise.
 -Puneet Arora
RECLTD has completed its bull run which began from 80.80 and closed at 298. On the weekly charts this stock took a straight drop from its peak on MACD without any bearish divergence. Now the Weekly chart is adding more and more bearish strength while the stock is also non-trending.
On the daily charts the stock is trending with a bullish divergence already done on the Histogram, while a bullish divergence on the MACD is also likely soon. There are possibilities of a long trade after the completion of bullish divergence on the MACD. But, with the stock being in non-trend on the weekly there are possibilities that the forthcoming long trade may not be a big trade on risk reward. 
This stock has a good potential to trade on the short side after the minor up move is over and only after that can we have a good trade on the long side.