there's a reason accumulators sit on a bid after a stock has a run up. they know that after a stock breaks a ceiling (resistance), a floor (support) doesn't get magically created. it takes time and volume to nail it down.
find a chart for EXAD and you'll see this has risen along the 5 and 10 day moving averages. these are fast trending lines that do not offer strong support -- for that you have to look closer to the 20 and 50ma's. they do, however, have a place in serving as technical tests for an upmove. generally speaking, the 10ma must hold if a stock is to continue its path northward.
the 10ma here is .003. that's an accumulation point. but its not a strong enough line to guarantee support.
the 50ma is just a tad under .0029. recognize that point? it was the recent ceiling. that's the area for the current floor. follow the volume. its been dropping. this is a low volume churn into the building of a floor, and a reset of an rsi in setting up the potential for a bigger run.
nothing goes up ad infinitum. retracements are a rule, not an exception.
best of trading to ALL
rich