Marker made a decent first rally from the 4 dollar bottom, but really needs a second effort to recover. Pullbacks after a rally are ok. but bullish momentum needs to see support hold at key places,and no doubt, this 5 dollar target step is a key support zone. but these stair steps of resistance and support have lower and higher target steps to watch ,and there are still some targets in the Fib retrace zone. It seems like the 5 dollar support should try to put up a good fight here .but if the selling is stronger than buying we can see a continued bleeding down to those targets at 4.90-4.70. 4.60 maybe? there is a 200ma at 5.60 that can act as a target marker for a 1 dollar trade to bounce. but it would start at 4.60. There is a 1 dollar trade in the picture now from 5.00 to 6.00 if it starts next week with buyers jumping in now.
There is a resistance math target at 5.40 area. and 5.30. Many possible targets and tracks that could develop from here.
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