I expect to find resolution soon, and the two levels to watch here are $ 5.25 and the bottom of the channel, as we can see in the weekly chart below: (scottsinvestments.com)
Since 2009 the 10 month simple moving average (in blue) has closely aligned itself with the bottom of the channel. (scottsinvestments.com)
This creates an electrified field from the bottom of the channel to the top of the water column. (scientificamerican.com)