No Support for PeopleSupport?

Of what was supposed to be a bullish ascending triangle formation ended up in a breakdown situation for PeopleSupport. From its previous close of $14.03, it immediately gapped down to $13.75 before closing to $12.51. The bears have immediately taken over PSPT. I see this heading down to around $11.25.

After posting this chart, I learned that PSPT for the 2nd time rejected IPVG's revised takeover offer of $17 per share. Looks like the street failed to support it this time.

For IPVG, no effect whatsoever as it stays flat at P4.85 today.