Failure to push above $7.00 a share meant Apollo Endoscopy $APEN did NOT become bullish. It is still essentially sideways. Within this sideways action, price has come down to challenge the support of the range between roughly $5.40 and $7.05. APEN Daily Chart(click to enlarge)Key Support:- The pressure is now back on the $5.40-$5.50 area. This was a previous range support and where the 200-day simple moving average (SMA) resides at the moment.- Plus, the RSI is closing in at 30, at which point it would be considered "oversold", especially since the prevailing trend is NOT bearish, but sideways.- However, a break below $5.40 would open up the $3.60-$3.80 low from 2017, with the prospect of falling lower in-line with the bearish trend in the first half of 2017.