Pivot point is the avg. of the posted resistance and support. Supposedly for day traders a move below the pivot point means a test of support. Since it is above that mid-point in trading range, the test of the resistance can not be assumed finished.
Very short-term orientation in a thinly traded stock. My feeling is that this is not a good stock for day-trading.
Also the NASDAQ and DJI are now rebounding from lower Ballanger bands.