There are clear levels of significance. Every time the stock has hit around the $2.00 level a large group of people have been buying it.
This gives us a higher probability to enter a long trade at these levels.
With a strong foundation and support, I think GLUU is going to bounce off it and break free from the top barrier. Only thing I am worried about is the over all market vulnerability. I think this will happen before any possible market crash however.