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Re. a retest of the high. If this were a trend that had been in place for some time, then absolutely, a retest of the high is a common occurrence as the trend ends.

With a very fast move, often, there is no retest, price just collapses. Also, on the intra-day data, the pattern is different. There have been large bar moves, then a consolidation, then a continued move higher.

The last large bar was significantly greater than previous bars and there has been an immediate decline, I suspect as early buyers now lock-in profits. This can have a cascade effect in the shorter timeframes.

I have no idea on the fundamentals of this stock, but if it is to trend higher over time, it will require the buying support of the fundies, they will not come in much before $4.50 assuming there actually is value here.

But ultimately...who knows....50/50

jog on

duc