The reason I'm analyzing the 30 minute chart is because we have very interesting going on in the prints just below $9 a share. In the three circles, I have noticed heavy accumulation which are likely related to mutual funds or hedge funds. This is a critical area for prop traders, possibly a buy limit level. The good news is that we will most likely NOT re-test this support. Prints are consolidating and technical indicators are projecting a measured move to the positive side following this descending formation. The two candles highlighted in RED is confirmation of this breakout. This is not a dead cat bounce.
Load up and be patient. This gap will fill. It may arrive at $10.50+ before the next ER.