Carol, I'm looking at a one year chart made with Telescan. First, the $2 adjustment. Back first part of May it tumbled, jumped back up to $2, took a look around, and tried to climb back up. Then it slide back to $2 first part of July, sat there a couple of weeks, and proceded to head South. The resistance at $4 came after the tumble and it tried to climb back up. First part of June it barely got past $4, stumbled, tried again, and then gave up. That's 2 shots at $4 and that's resistance. Agreed, it's minor, but it's there. The $6 resistance is around Dec thru Feb. That's a pretty good wall of resistance.
Dudley in Denver |
