Spoke yesterday about working the recent range until the market decided to break down or breakout– yesterday’s action (with high volume) could easily be a break out waiting for a follow through today. It is likely that some of the gains are related to short covering as prices came off late last week after Feb expiration. A key near term indicator for this run to extend further will be the volume and open interest – you must feed the bull which translates to volume and open interest gains.
Support: $2.373–$2.356,$2.255-$2.176 Minor Support:$2.806, $2.71, $2.60-$2.554, $2.483, $2.162 Major Resistance: $2.87, $2.89, $2.92-$2.997, $2.98-$3.05, Minor Resistance:
