Webs, I was posting my take at the same time as your gap post. Since you're interested in ERS, I'd thought I'd copy my take to your thread:
21 day moving average: 9.37
4.13 - 12.59 FIB: 9.36 (38.2), 8.36 (50)
5.81 - 12.59 FIB: 9.21 (50), 8.41 (61.
6.99 - 12.59 FIB: 9.12 (61.
Next support (PVB): 9.55
2nd support (PVB): 8.59
Raff channel long: 9.13 (may change intraday)
P: 10.66
S1: 9.33
S2: 8.42
Webs, I see a significant case for the mid-to-low 9 range attracting significant support. Even if that fails, mid 8 seems strong as well. After today's bad day, I'd say 9.33-9.50 is a good potential buy based on the inital panic taking out of the 9.75 low.
You make a good point about the gap, though. I just wonder if this stock is weak enough to even approach it.
21 day moving average: 9.37
4.13 - 12.59 FIB: 9.36 (38.2), 8.36 (50)
5.81 - 12.59 FIB: 9.21 (50), 8.41 (61.

6.99 - 12.59 FIB: 9.12 (61.

Next support (PVB): 9.55
2nd support (PVB): 8.59
Raff channel long: 9.13 (may change intraday)
P: 10.66
S1: 9.33
S2: 8.42
Webs, I see a significant case for the mid-to-low 9 range attracting significant support. Even if that fails, mid 8 seems strong as well. After today's bad day, I'd say 9.33-9.50 is a good potential buy based on the inital panic taking out of the 9.75 low.
You make a good point about the gap, though. I just wonder if this stock is weak enough to even approach it.
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