Technically, what 1.93 is, is called a Bull Pull. A Bull Pull is a pull to the first Fib line. If it holds then its considered bullish for the stock. It is the place where consolidation is created without destruction of momentum.

The bull pull area is an area where longs defend the fib line and shorts attempt to break it, The longer a bullpull holds the better a rebound percentage increase. To create a bull pull and consolidation. You buy at the bull pull mark (1.93) and cap it about 5-6c above that by putting your 1.93 shares for sale in a large offering. The longer the trading occurs between the bull pull and the cap, the more consolidation is painted on the chart.

Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32187507&l=0&r=0&s=ZEN&t=LIST#wYmStuxS5mDPJIMz.99

This is my lamen's term interpretation of that:

We are still in overbought territory on the daily chart, even more on the weekly chart. There is 2 ways to have the overbought situation corrected. Bring the price down into the BB or keep the price stable for a period of time.

By capping the stock at $2 and supporting the bull pull at $1.93, the market is creating the second scenario which will take us out of overbought laying the foundation for the next leg up. On the daily, we need 1 or 2 more days of steady price action and we back inside the BB. So middle to late next week, we could resume our upward trajectory. The fact that the pull is happening at the first fibo at 38% is also positive.

Have a good weekend everyone!

G.