What a break out. This GEM has been on a major run lately, only to drop off a cliff, as it may seem. But, the fact that the fall was held support by the 0.786 fib retrace level, has got me going. With a perfect retrace to that fib level, usually will come a bounce, if not a relief rally. IF the price can move up from here and turn 19.28 to support, I will be looking for a full extension to the 4.236 fib ext level. IF we break down under 7.82, I will look to enter around the 3 dollar level. BUT in my opinion, this is the time to be scaling into a position here as we may very well bounce, hard.
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