RE:Re $26IMO, the long technical guys are still in and holding for that reverse head-and-shoulder pattern to be confirmed or not. the next meaningful resistance thes guys would be targeting above $26 is somewhere around $30.
I wouldn't expect to see them take much action until we reach that. At that point, they would be looking for a strong breakout to the upside, so its unlikely, they would be selling as soon as it reaches $30. More likely, than not, you'll see some additional buying at that level.