You say that support is at "4.63" without any reasoning. I think support is yet to be determined right now. The 50 day sma has broken and I am using the standard Fib. Retracement level of 61.8% from the high at 8.99 and the recent low at 3.70 for a "possible low" @ 5.71. Many traders use the 50% level (broken) and often the 61.8% level as potential levels of support. Are you pulling support levels out of the air? I never listen to people who don't explain their process....Adios!
After that comes the 78.6% retracement level which I will make people aware of if the 61.8% level is broken.
Additionally, the 200 day SMA is a level I would not like to see, it hits around 4.23.
Never will see even 5.00 again those days are gone.Shorts are going to get squeezed this week, the manipulation on friday was overdone, watch for the buying pressure and short covering all week long.
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