I occasionally look at Fibonacci Retracements, you can see a lot of recent past action and the important levels, if you believe in this stuff, which I only partially do - but we're all grasping at straws here, so it's another thing. So, the 38.2% retracement from the recent high of 5.95 is 2.78, which it recently bounced off of, on 9/14. When you see action like this, it indicates that those who do take the technicals seriously bought in at that point, hoping for a bounce, which they got. If it goes below the 2.78 level with any sort of volume, the technical people will look to enter at 2.04, the 23.6% retracement. I'm no expert on this stuff, if you have TD America, go onto their Thinkorswim platform and punch in SPHS, then Fibonacci Retracements, and you will know as much as I do. It keeps dropping because there hasn't been enough good news to counteract this sort of natural momentum. It went down today with much less than average volume, a good sign.
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