area of strong support 34-36c

IT appears that EER is destined to test the area of support below 36.5c ...looking left on the chart there appears to be an area of V. strong support in the area between 34-36c (see price resistance action Jan -Feb 2011) and it appears the lower it goes the stronger that support is likely to get...

My guess is we will bounce off this area continually every time a push down is attempted. Would not be surprised if this area becomes the ultimate floor for this stock...

But as always time will ...All is IMHO, DYOR to confirm