I'd say 3:10 would be where it might find more resistance as there is a large gap down after the previous spike high (may). If it gets into this gap then we can look at 3.50 as a good target.  This is also the low in 2008 by the way.  I'll sell mine here and then look for another entry if it suggests it.  Problem with buying now is the stop is a fair way down which gives a win/loss ratio of less than 2:1 at the current price with a 3.50 target.  If you use a CBL as a stop though you'd be looking at 3:1 which isn't a bad bet.