The $5.20 support was breached by extreame conditions (collapse...

The $5.20 support was breached by extreame conditions (collapse of energy, particular oil and spot coal). I was quite surprise of how strong it was, it did put up a very strongly resistance as expected.

Next support is now at $4.57.

Should $4.57 hold support look for $6.48 as next target as there is still momentum in the RSI (ie is above its neutrality area at 50). The MACD is below its signal line and positive. Moreover, the stock is trading under its 20 day MA ($5.15) but above its 50 day MA ($5.05).

This stock could retrace in the short term if hurrican Hanna turn out to be a goose like Gustav

Supports and resistances:
$6.87 * (will need extra momentum to surpass this target)
$6.48 ** (next target)
$6.09 (next immediate target)
$5.11 last

$4.57 (another strong support)