123Tom's TA study group

[123tom]

So today, price opened holding the support step around 7.07 and crawled up a little , then surged up 75 cents around the noontime hour, only to sell right back down, and crawls around 7.20 for the day. Seems like there is a lot of price surging and selling these days, that makes a mark on the chart but doesn't amount to any real pattern development. My take on this week's price development is a bottom at 6.81.... followed so far by a bounce that has held support, so far, at 7.10 area, right where it needs to, and the spike to 7.90 , is incidental to be dismissed. Support is holding for 2 days at the moment. Where is real resistance to watch... maybe around 7.50 area?