RE:RE:close is important No, but if you look at the daily chart the 200ema and the 8sma are at 7.28 and 7.29. That is picked up by algos and will be resistance untill there is enough buying pressure to push through. Way over sold right now, hopfully it pushes through before oil has a pull back... There will be a lot of adding to posiotions if we break above this level, but there is still a mess on the chart to deal with.
Sometimes I will buy an etf that holds the stock so I don't have too much risk one position if I need to lever out.