Watch the volume at the $2.80 level.  If the volume is high, the equity will pass through.  If volume is low, it is another confirmation of a crest at that area.  Be careful if you are actively trading here, as this is a narrow range with bullish mid and long term signals.  I still see a settling out period, but it will be brief.  A couple of smart trades are better than 6 mediocre ones.