dropping down to four, page-3

I first want to state that I hold this stock Short so that there isn't any funny business going on. I don't hold a large amount because it's a little risky with this stock for various reasons.

But my Short Position take on this stock is that it will need to close below the $4.15 mark first, that will be the first test (mid point of dominant candle + resistance line from back in August 2010).

Then it will re-test the $4 mark. If it breaks that then there isn't anything between $4 and $3.30 (mid point of dominant candle on weekly), then $3.

The general trend is down. More red than green, Longer reds than greens, trading below all MAs. Change in polarity at ~4.83 where support has possibly become resistance. Bearish candlestick patterns. All bad on Weekly chart.

However, I notice a MACD Divergence on the Daily chart where the price has a lower low but the MACD has a higher low, hinting that there wasn't as much conviction in the prior drop.

Should be interesting to see how this plays out, but my money is on it breaking $4.

If I'm wrong, well, that is what my stoploss is for. This isn't a stock that I'd bank my house on, it could easily go either way but $4-$4.15 will be the clincher.