Just looking at support where it could stop and return to the up-trend. In regards to the 200sma, it's used by many fund managers to gauge sentiment. For example, if a stock is trading below it, bearish and above bullish.
When trying to explain technicals, I like to use the analogy of a house. Support is the foundation, Resistance the ceiling. And don't trade in the space between.
RSH Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
