Technical Summary: So often the character on the five year chart translates to a similar character on a one year chart. This is certainly true in the case of AIR. The volatility and the swings on the five year chart appear in force on the one year. The one year chart has largely gone sideways with what appears to be big resistance at around $3.40 per share. There has been some interesting price action when the stock has gapped down with such moves being followed with more selling. After a big sell off the stock found support at around $2.60 per share. The stock then rallied higher to around $3.30 per share before suffering another huge gap after a negative fundamental update. The gap has been followed by more selling as the stock moves towards the $2.60 support. The question is whether the stock will find support at these levels as in the past or if it will pass through.
