Price action remained strong through the day, confirming the opening dime increase. I am sure there was some reason for the bullish gains, but I am more interested to see if the extension can garner the support to challenge resistance at the 50 day SMA ($2.66). A break above that key average may allow for prices to run up to $2.80 as there was not significant consolidation in the $2.70’s.
Support: $2.373, $2.255-$2.176 Minor Support: $2.483, $2.162 Major Resistance: $2.66, $2.74-$2.789, $2.89, $2.98-$3.05, Minor Resistance: $2.547-$2.566, $2.806
