These are what I go by when day trading.
#1) A huge drop off in volume means the stock is already dead.
#2) After that I go by how the stock interacts with it's sma's and then I create my own Support levels by judging how far it will drop, Which I came up with $8.00 then $6.00.
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You have to count premarket value the first 1/2 hour.
And to me support levels on the stock now are $8.00 and maybe $6.00 by end of the day.
And it's $10.50 right now.
So those are big drops.
