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By the looks of the volume especially with the spreads on 13/5/2011 and 27/6/2011 it looks like smart money is running out of this stock.

Fundamentally it may be worth much more than what it is now but without the support of smart money the price can't go up (or it can go up but not by very much).

If we see over the next few days that the price increases on very little volume then that confirms that smart money is out and not buying.

Support level is at $3.50, ultimately we want to see a support level being established and then down bars with high volume but low spread followed by down bars with low volume - this will confirm that smart money is back in.

With the added benefit of support (which is close to a stop) this would be a comfortable buy - until then things aren't looking the best :(

Best of luck all.