For the sixth consecutive week prices have declined down to (or below) the critical long term support at $1.61. Four of last five the declines had broken below and in only one of the six has prices closed the week below this critical level. It seems that once under $1.61– the buyers start popping their heads above ground. That trend goes all the way back to 2016 when the low was established.
Have you tired of me reminding everyone of the $.30-$.40 range trade that has provided income for the last two months– here we are again, continue until it breaks.