WATT tests 16.14 resis. as support, having blown thru 16 on news

WATT is sitting right above 16.14 resis. level now, having blown thru 16 & 17 levels from 15.5s (gapping up) on news of DLG $15 million additional investment. It tested high 15s today (but still hasn't filled the gap to 15.5) and looks like it's trying to establish 16.14 resistance level as support now. Based on previous action and a heavy short position, I'd guess we'll def test the 15s again before establishing 16 as support, but long awaited news expected any day now (til Aug. 8 ER or Nov 2017 at the latest - unless AAPL further delays release of their new iphone/products beyond that) could send this stock back to 20+ (or down to 12) fast so TA can only help so much. In the meantime, a close below 16 resistance suggests we'll test at least 15.5 (maybe even uptrend line intersection at 15.30s) before moving up. A close above 16.14 suggests (barring any unfavorable news/market panic) 16 will hold as new support. Sell puts to reduce cost/risk. Beginner TA, thoughts welcome:)