MSB Charts, page-4

Hi all, MSB is new to me but certainly looks like an action packed stock , but at the moment looking for an entry point! So here's a chart and some commentary from a newcomers perspective - I don't know enough about MSB to join in on the FA discussions, so hopefully there's something of interest. 

There's some commentary included on the chart, as well as my support and resistance levels. My major S&R levels are based on ultra-high and high volume trading events and previous S&R levels from past trading ranges. It's interesting that although @FullMoonFever uses a totally different method for S&R (Fib levels) that they are so close! Spooky enough that I'll have to check out Fib levels more closely in future I think...

I have a strong resistance zone drawn at $1.38 - $1.405, and it will be very interesting to see if price can break through this zone soon- it's already proved difficult and has tried but failed the last two days, and 5 times previously since 19/11. Maybe another positive overnight on Wall St will bring out some more buying volume to punch through it. Or some sort of holy grail announcement of course!

Nett shorts have ramped up recently, and if there is some large professionals amoung them (which I assume there is) then typically they put up a fight before they let the price run away from them. So to me it seems likely that if price breaks above this resistance with less than convincing momentum, then we'll probably see some strong supply (more short selling) appear to cool down the price and re-test this level again. The low close on Monday and off the high Tuesday with a lower low than Monday hint that this may already be happening- (some price capping).