SAR Daily Price Discussion, page-501

What looks like selling absorption in the trading range beginning to become clearer as springs occuring in the right hand side of the trading range when fed supply. Continuing to put in a series of higher lows over the next few trading sessions would be good confirmation. There's still remains a possibility for a final shakeout spring down to say $2.80-$2.90 or so to happen but imo that would be extremely likely to find support off the long term trend line.