As you anticipated, we have a more violent pullback on RXP...

As you anticipated, we have a more violent pullback on RXP (-~15%). I'm loving RXP at the moment; I feel like I have a good understanding of the story.
1. Upthrust
2. Previous resistance performing as support
3. Previous resistance performing as support
4. Shakeout
5. Upthrust
6. Previous resistance performing as support

Today, it looks like some stop losses/weak holders were brought out and absorbed throughout the day shown by the close well above the lows on increased volume. A really bullish manoeuvre would be to gap up tomorrow and run the stock away from those that sold today in the hope that they foolishly re-enter at the above supply band at $1.04+ and assist in absorbing supply. However, I see no reasoning (considering fundamentals) to rush the shakeout of the breakout traders who entered on number 5. I'd like to see a test bar around these levels to confirm number 6 showing buying support and to signal exhaustion of supply.