Lots of Bearish Fundamental — but Little Extension
Major Support: $2.12, $2.089, $2.029 Major Resistance: $2.34, $2.437, $2.48-$2.52, $2.716-$2.755, $2.884-$2.908, $2.984 Minor Resistance: $2.158, $2.185, $2.21
Perhaps the sellers are waiting for yet another bearish release — but that should of been baked into prices already. I am still puzzled at the lack of extension to the declines as the price action seems to be lacking momentum and more consolidation for the next move. Up or down the market is consolidating recent declines and waiting on further information. Its boring, but continue to play the range in the prompt.
