Monk, Thanks For X M S R Tech Analysis

[Monk]

hahaha... that's the way those bastards work!!


Looks like it has bounced back some since hitting 2.40 but I am skeptical about any positive prospects for this stock in the next little while. That was a large bearish formation that it broke down from.

It MAY rally back to the support line, which will now act as resistance (2.62-ish right now).

If you look at this 5 minute chart, you can see that it sank on big volume and rallied on very small volume.... not good for longs.