ZAP (fka ZAAP)

[naked-trader]

Support held today at mid 1.80's bud! After that the support rests at 1.45-1.55 area then it's down to 1.25 area. Doubt we'll see it though. From a trading standpoint this is healthy and you can't be greedy with this stock. I took (from my trading shares) profits at 2.85 yesterday and bought back today at 2.02. I thought 2 bucks would hold but it didn't. Buyers stepped in at the close so you can expect a gap up in the AM. From there it's anyones guess but I'd say we close around 2.20's give or take 10 cents. Notice how every run we've had it always retraces to fill the gaps? No it didn't close below the gaps at 1.25 area and the 1.80 area but it retraced down to those areas intraday. (doesn't have to close below or get all the way down to them to technically fill, a few pennies near the gap is good enough, from what I've read and seen with my own eyes. Nothing but healthy retracement on lower volume. Expect it to consolidate in the low 2's area until the next good news release of significance. Hope this helps.