Hmmm If it falls, expect pretty good support at $1.56.I would be...

Hmmm If it falls, expect pretty good support at $1.56.
I would be surprised to see it back at 1-30 again..
The fibonacci ranges I set tell me that the 61.8 has already been tested as support (1-22).
The 50% fibonacci has yet to be tested as support.
This 50% level is $1.56.
Oh and you might notice the presence of a gap from the 3-8-07.
This gap was also at 1.56.
This gap was tested on the 27-9-07 and the price failed to break through. So it went back down to the 61.8% level and bounced.
On the 30-10-07 the price powered through that important $1-56 level, and surprise surprise it made it neatly to the 38.2 level but could not close above it.
So where next.... back to the 50% is what I would expect, where resistance has polarised to support.
I do not, nor have I ever held this stock.
If it gets to 1-56 and bounces I might think about buying in.
Chart looks like this
Cheers
Commy