Pandora $P has been in recovery mode since completing a price bottom in late 2017 through April 2018. The daily chart below shows how the bullish reversal started in May and brought price from a low of $4.10 in January to a high of $10.00 in September. Since that high, P has been in correction mode along with the rest of the equities market in general.P Daily Chart(click to enlarge)Bullish Reversal:- The daily chart shows how price has broken above a price bottom.- We also saw a confirmation when price tested and held above $6.75 in late July.Support:- As price retreats, I think we can expect some support around $8.40. - This is a support/resistance pivot. The 100-day SMA is here. - Furthermore, if the market is still bullish, the RSI should hold above 40. - I think we can give P some elbow space around this support - let's say 5%, or down to $8.00. - Holding above $8 or $8.40 should keep the pressure on $10.00. - This is indeed a key resistance. A break above $10 would open up the next key area around $11.50. - $11.50 is a key support/resistance pivot and near the 200-week SMA currently. Bearish Scenario:- A break below $8.00 on the other hand opens up the $6.75 area again. - A hold above $6.75 still keeps the market neutral to bullish.- A break below however revives a bearish outlook towards the $5.50 common range resistance first.