Prices Reverse Off of Low Extension

Daily Continuous

The first stop in the declines stopped yesterday at $2.454 (not sure why) but they garnered support and rallied at the close of the trade day. I have been calling for a test of support for the last week, not sure whether the tests are over or not but we are starting to see some support areas that have low risk buying opportunities. The range continues (between $2.25 and $2.80) and the market has not shown me any reason for variance.

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

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