Major Support: $2.212-$2.207, $2.185,$2.12, $2.029
Major Resistance: $2.339, $2.366,$2.38, $2.398-$2.241, $2.49-$2.52, $2.643-$2.648, $2.72, $2.751
Prices continued to press higher yesterday and likely you fundamental folk have reasons for the gains but now prices are starting to test some areas where some short covering can take place. I spoke yesterday that …..It is unlikely there will be any panic from the short seller group until prices eclipse $2.34 on a daily close…. that did not happen but today is a new day. Said yesterday ….Should the shorts be forced to cover in any significant way then $2.49 is “in the cards”… I want to amend that to the market will find some selling at the $2.38-$2.411 provided from the November chart. Until then, look for the range to continue. I doubt any short covering rally will be due to fundamental issues.
