Ricebran Technologies $RIBT has been in a choppy uptrend since it turned around a long-term bear market in 2017, bottoming around $0.70 a share. If we are to look at the latest pattern of price action, we would start after the mid-2018 surge of about 100% in just a couple of months. Within this pattern, we can see that price has pulled back to a key support around $3.00. RIBT Daily Chart(click to enlarge)Support:- The daily chart above shows price action in a bull market as RIBT has been trading above the 200-day simple moving average.- The choppiness continues, and after price failed to reach $4.00, it pulled back to a key support area around $3.00.- There is the 200-day simple moving average (SMA), and the slightly rising channel support.- If we see price stabilize here, we can probably anticipate a subsequent bullish drive towards $4.00.Bearish or Consolidation Scenario:- If price drives below $3.00, and the RSI drops below 30 for the first time since late 2016, then we should probably anticipate a period of sideways consolidation if not a bearish correction towards $2.20 (where the current bull run seems to have started.- If this scenario, we might still see a rebound, but we should have more expectation of resistance as price gets to $3.40-$3.60 area, where we can see a cluster of resistance pivots.