6.39 Is the high of the SOS bar of Sept 20th.....a benchmark price. Once It gets above that and holds, it will be firm support and can do some serious work cleaning out the old bagholders of March 7th.....6.97.
There are baggies up there stranded from March 7th above 6.60 to 6.97 who just want to break even. The current range is 6.39 down to 6.10. But It has attacked 6.60 3 times now and each time wit higher volume....It will be back up there....runs don't end on high volume. Once you see It start holding just under 6.60 that says the smart money Is holding It up absorbing sellers waiting for the funds and specs to run with It. Funds and specs buy breakouts...the big money works the TR's improving their position by buying support and selling resistance but all the while net buying.