You can usually gauge the measure of where a stock is heading by...

You can usually gauge the measure of where a stock is heading by how it performs after a retrace...LEG has moved from a high of 9.9 to 7.4 in the last couple of days..

I am of the opinion that retraces can be good and do give a stock a breather after a quick rise....

If the SP holds and accumulation (volumes) continues over the next couple of days then this will set the platform for the next step up...If volumes decline and SP follows then the retrace has not yet completed its cycle...IMO SP has not yet settled around a resistance point.....