AKS: More Broken Support

From February 2 on AKS:

KEY SUPPORT: 8.76-8.91

There's still possible support on a retest of the top of the Bull Flag (Purple Trendline #1-#3), which comes in today, February 3, at about 8.88. The top of the smaller Ascending Triangle (horizontal green line) also is right there, at 8.90-8.91, then there's the release of earnings low (Purple #4), at 8.76.

Bottom line: The Bulls need to CLOSE the stock back above the Big Ascending Triangle (Black Trendline #1-#3). Unless/until they do, the upside targets are not IN PLAY.

Update:

The AKS Bulls are digging themselves a hole here. 8.76-8.91 support is broken and the Release of Earnings 5% Gap Down Panic Low of 8.76 has been broken on a CLOSING basis. That "shouldn't" have gotten taken down.

The bottom of the 5-month Ascending Triangle (Black Trendline #2-#4) comes in today at 8.5565. That's next support. Yesterday's close was 8.54, so The AKS Bulls need to step it up coming out of the gate this morning and need to stop this "flush" to the downside by defending that trendline.

Everything from yesterday's 8.54 closing price, back up to Black Trendline #1-#3, which currently is at about 9.15, is resistance again. The Bulls need to CLOSE the stock back above there.