Major Support: $2.52-$2.486, $2.41-$2.38, $2.346, $2.212-$2.207, $2.185,$2.12, $2.029 Minor Support: $2.33 Major Resistance: $2.716-$2.755, $2.884-$2.908, $2.984 Minor Resistance: $2.642
As expected, the declines continued to key support. The $2.52-$2.486 hold all sorts of importance. The 50 day SMA is at $2.486 and the 200 day SMA is at $2.489, the July high at $2.49 and then you have the long term support (until broken earlier this year) at $2.51-$2.52. Where does the market go— should support hold it is back up into the $2.64 area at first. A break down (on a daily close) opens up the low gap from Oct 28th at $2.346. It may stop short of that but that should be the target.
