Big Gap Down

Daily Continuation

The Chart above does not reflect the open last night, rather I wrote a Daily on Sunday morning only to have to re-write this Daily because of the open. Prices gaped lower on the open down to $2.256 before finding some minor buying taking it back over $2.32. This could be a very volatile week (discussed last week) as there is an expiration and with light trade associated from the Holiday. Not sure if this decline will have an impact on the longer term analysis discussed here three weeks ago. Will be watching for that and will alert you to any adjustments if they occur.

Support: $2.373, $2.255-$2.176
Minor Support: $2.162
Major Resistance: $ 2.54, $2.74-$2.789, $2.98-$3.05,
Minor Resistance: $2.798

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