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"A day or two sideways here under the 20d(i think is your bolli median?) would be normal. "
Nice to see my crystal ball calibrated well
What we definitely don't want to see is it get sold from here, especially on high volume. Somewhere around $6 i want to see hold, preferably $6.10 or even better $6.20 but that's super tight.
I won't bother posting the chart as there's enough above, tight range and very low volume yesterday saying someone has run out of ammo, is it the buyers or sellers? I of course think it will be the sellers, some of that may be my bias but when you consider the volume pattern i do believe it is the right read(remembering this is a probabilities game and there are no certainties). So good chance it moves again Monday or Tuesday and we'll see which side of the market is in charge here
(20min delay)