Buy and sell depth, page-39

I think now the $1.50 to $1.55 level is turning out to be a major resistence point with the stock now likely to trade around $1.20 to $1.50 over the coming weeks or months perhaps. I am treating the $1.50 level to that of the old 60 cents and then 95-$1.00 level which were major resistence points in the past which required 4 or 5 attempts to break through to a then new high.
In the early days there was a pullback from 60 cents to 44cents (about 27%) then we saw a pullback from around 95 cents to 77-80cents (20%) and who would forget the pullback from $1.14 to 60.5 cents or (47%). The current pullback from $1.58 to $1.29 is around (20%). Nothing really unusual about this.
The interesting thing I note is when a new high is made from a previous strong resistence the move is usually around 50-60% higher ie from 60cents - 95 cents and then now from that $1.00 to $1.55. I admit that during the run from $1.00 - $1.50 there was some resistence around the $1.25-$1.30 mark. Perhaps this is why we have now pulled back to this region now. Anyway some of my observations !!!!

DYOR as I am primarily a fundamental investor, not a technical expert !!!!!!