Fitbit $FIT is testing a key support after a breakout and a pullback.FIT Daily Chart(click to enlarge)Key Support:- The 6.00 handle is indeed a key support. - The 200- and 100-day simple moving averages are right under. - This is also a previous resistance area. - Furthermore the RSI is at 40, so if the market is turning bullish, it should turn back up now .- We saw price action dip below 6.00 last week, but was immediately back back up. Reward to Risk:- Let's use last week's low as a pivot for stop consideration. A break below last week's low will likely mean that bears won, and that would expose the 5.00 area. - The pivot is at 5.60, so let's say we put a stop at 5.40.- The bullish swing projection targets at least 8.00. - Let's say our entry is at 6.00.- This provides a reward to risk ration of about 3.3:1.- A conservative target of 7.00 would yield 1.67:1 reward to risk.