This stock has held a clean uptrend support level since the end of the bear market in January. The support level leads to 1.00 which is where it is. The stock had a large gap down from around 1.30 to 1.00 on Friday with a mammoth amount of volume (16 mil) to hold that support. It has not got much rebound but has set an ascending triangle resistance level of 1.07. I believe it may break through and continue an uptrend. This could last for a few days or weeks. Now this breakdown was because the company put out a 25 mil share public offering at 1.00. Today The company had a definitive agreement saying 25,000,000 shares sold at 1.00. by the 25th of May (Wednesday) the underwriters of this agreement can purchase up to 3,750,00 shares of this company.