weekendcharting 28 november, page-46

Another observation on AQP is that price has broken a nice round number being $6.00 and on extremly high volume.....Round numbers seem to mark important support and resistance with this stock (and stocks in general). Have a look on the daily chart how price bounces on and off round numbers and more importantly how its bounced around $5.00 and $6.00....... IMO $6.00 will be a key support level.

The first time it broke $6.00 (and a new high since the bottom) on average volume and failed, it left one of the biggest gap downs on the chart showing the significance of round numbers as support and resistance. It had another two cracks at $6.00 on even less volume and failed. This time however, price has broken $6.00 on significantly high volume.

Note how price broke out through $6.00 then retraced back to it on Friday and bounced of in intraday trading to close near its highs on good volume. It left a nice long lower wick, and it also filled a gap from last Friday in the process.

[URL=http://img269.imageshack.us/i/aqpsupportandresistancev.png/][/URL]