RE: RE: sell off?There is a possibility that the stock has taken a different upper and lower support level. Get a 6 month chart and you will likely see what I mean. The upswing is steeper from the beginning of this year, compared to the 2009 trading pattern.
We will have to see what the stock does in the coming days before I would go out on a limb and say this is what it is doing, but if it is, the next top or upper resistance should be in the $22- 23.00 range; then the next bottom support should be somewhere around $20.00... (assuming that it turns upward tomorrow; and with the stock trading up in after hours on the Nasdaq, I'd say the trend will be up in the AM, not down; but don't bet on it)
Last year the stock rose from $5.00 to $14.00 (or there abouts) so it makes me wonder what it will do this year.
BUT, charting is no perfect science, and I use it more as a curiosity, than a tool...
... it will be interesting to see what happens this week, because the proposed Climate Bill and Energy Package is going to be released next Monday, and one would think that the speculators will be all over this one before the big show begins...
https://www.nytimes.com/gwire/2010/04/15/...