We gap down to just under $7 and then a slow an steady climb back to $7.28-7.30 area. After failing to break Tuesday's intra day high we drop back down this week to close the gap @ $6.55. If I can get out at $7.30, I would take it and wait until the latest gap closes. Note: all gaps created by the initial run HAVE closed. The latest one will also. Mark my words. That will serve as support area with $7.50 the upper end fora week or two.
Sounds very logical but that's the problem, it makes too much sense and what the mass and rational mind is thinking so we will likely not dip and rise throughout most of the day with a slight pullback by end of day. Last night prior to AH close I stated I bought 10K shares between $5.56-5.62 and that we would open at $6.95 (slightly off) and rise throughout most of the day with $7.35 close and that we would get two days of upward S/P. I still believe that $7.70-7.85 will be hit tomorrow.
BTW, sold all 10K at $7.13 for $5300 overnight profit and bought back 10K at $6.98 and intend to test $7.80 level tomorrow.