Well that was a brief extension upwards, but the declines on Sunday/Monday down to $2.70 need to be re-confirmed. Thought yesterday may bring that but so much for my thoughts. This area needs to be traded cautiously as no defined floor has been established but many areas of resistance ($2.92-$3.00) are evident. Sometimes it is prudent to sit back and wait for the market to paint the picture.
Support:$2.764, $2.74, $2.65, $2.373–$2.356,$2.255-$2.176 Minor Support: $2.71, $2.60-$2.554,$2.483, $2.162 Major Resistance: $2.94, $2.98-$3.05, $3.082, $3.316-$$3.396, $3.486 Minor Resistance:$2.85
