Its a combo platter gotta have both...gotta have bid support or there will be no ask slapping goin on...I'll take bid support all day long..that is how the foundational moves are made with out support stocks tend to take nasty dips especially with this float...who would slap in that situation?...as bid support moves up and new people come into the play and realize they must slap the ask to enter..up we go :)
Rome wasn't built in day and neither was this awesome chart. Look at these higher lows...50day been great support...50day and 200day curving up on their way to join the party :)