Let's not diminish the importance of historical resistance, it is a very real barrier to a stock going higher. All those folks who bought the last time Kodiak went on a tear to $3.50 only to watch it walk all the way down to $0.35 are going to be more than happy to simply break even.

I believe it will struggle for maybe as long as a week ( or whenever the next news comes out) at these levels until it finds its feet again and shrugs off the disgruntled investors like a fly on an elephant's butt  and then we will have a new level of support at historic highs. This will pave the way for new highs and then there will be no looking back.

Just my take on things, I'm in it for the long haul and I won't have my shares wrested from me.

GLTAL

Quack