As mentioned in the Weekly section of the web site- the gap that had been in the charts since the first trade day of 2021 was closed yesterday with the declines. Prices are not oversold and look to want to test some significant support zones. Key is the Dec low of $2.238 as a break below will likely open significant declines. A break below $2.516 will open up a potential “quick trip” through the $2.40’s.
Support: $2.373, $2.255-$2.176 Minor Support: $2.483, $2.162 Major Resistance: $2.74-$2.789, $2.89, $2.98-$3.05, Minor Resistance: $2.547-$2.566, $2.806
