With our unfilled Fri. 5/24 - Mon. 5/28 gap in mind ...
Since the market's sentiment seems more bearish than mine about the recent Q1 report, I'm suspecting we'll see the edges, at least, tested again.
$1.08 has held twice recently, so we'll see if it gets an "Iron Man" award by holding a third time, plus or minus a penny or so to allow for under/overshoot. That's the top of the gap.
If it doesn't, The bottom at $1.03+/- should be tested, finally closing the gap. There's possible (temporary?) support around the $1.05 +/- area from the reversal at the end of a leg up, 1/25 - 2/19, and a sideways trading channel resistance area 8/23/12 - 11/5/12 before a slump down, 11/14-12 - 1/15/13 followed by that leg up. I suspect this $1.05 to be weak though - may not even cause much of a pause. $1.03 was a more consistent resistance of that channel, as well as being the bottom of the gap needing to be filled.
Just might go ahead and challenge a typical "round number" support of $1. If that price is attacked, I think an overshoot to $0.98xx becomes likely.
We don't want to see any movement below there.
With the volume Friday, I'd be tempted to think of a trend-ending volume spike again. If this is that, I believe it'll take a few days for the trend down to bottom, suggesting a good chance of attacking those mentioned prices.
MHO,
Bill