but the stock is not so far away from support this time
until you can understand the principals and concepts of support and resistance (and moving averages) you will have 2 arms tied behind your back in the market
traders sold those spikes as the risk was obviously to the downside being so far away from support levels
now it has tested it successfully and bounced and broken the 50 day ma (above) so the risk is now to the upside for the ST
there is some minor weekly /support resistance at 5.3 and 4.9 and a fib retrace target of 6.5
and no I'm not trading it just trying to help
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