Nice trade today, we hit my resistance and failed to break through it:
Attachment 140706
We dropped back to the 50-dma right away and now we should base out and get ready to climb again. When you fail at resistance, you reverse and drop back to support and try again. We are hopefully going to base out down here giving you all day to buy stock. Then we should regain some losses and set ourselves up for another run at that downtrend line again. For some reason, the stock doesn't like the $ 15.30 area. The bears had to do something to hold this back and they are doing fine "for now".