The chart was posted here - #1265

I made the comment 'not looking good' ....
here's the bigger chart...



A lower high was noted - - previous high was 38.
More important how that high was created.
Stock made 3 attempts at the 375.
Failing each time.
Long black candle on the 19th.
Would it be a good time to bottom fish then?
I think no..... I wouldn't even know how to place my exits if I had traded the stock.

True enough....
Stock went down sharply in the early tradings the next day.
See below...



But this is where the 'positiveness' starts...
or as correctly observed by you.
Despite being whacked until mama is called out...
The stock rallied strongly after hitting the low of 325 to end the day unchanged at 345.

Same pattern in trading happened the next few days as noted by you....



This is where it gets tricky....

Yes, clearly the day actions easily gave the conclusion that some 1 is supporting the stock...
Each day pushing the stock back up.....

But the flipside of it, meant also that despite the actions, there were people willing to sell.
And would that 345 now be a resistance?

It's debatable.

Given the scenario, I probably might not want to trade it.....
I would prefer to trade the breakout of the 345 ....
Maybe getting in at 35 or 355.
But then...
I have to look back at 375.
It failed recently to trade pass 375.
If that's the case...
At best... I am looking at maybe a 2 sen win...
Which for me...
since I like eat expensive rice...
It doesn't look too ideal.....