Don't know from shorts but it's clear the $16.70 line is a hard one. There's an old uptrend line I've maintained on my TA chart that originates back at the ~$13.79 line of Nov 8, 2013. It was a support line for a goodly amount of time, then became resistance line when it was broken on ~Feb 1. Now the bid is approaching it....and it looks like it'll end today just north of $16.75 (the uptrend line). So that's the magnet line I think the bid will gravitate towards...indeed in the time it took to write this the bid just broke .70....looks like a set-up test of the uptrend resistance line is....setting up? ;-)
Hi low- any thoughts. Sitting on a postion at 16.53 from a few days ago. watched it go down to the .20's before it has come back. Waffling over whether to sell today and take my pennies and live to fight another day.