You can clearly say it is trying to break above $3.00 (for the last 5 trade days) and force some shorts to cover — but by the lack of success– the market may be signalling it isn’t ready yet. Continue to sell at the top of the range– keep stops tight and be buying on any declines into the $2.80’s this week.
Support: $2.78, $2.71-$2.70, $2.658, $2.52, $2.422-$2.414 Minor Support:$2.876, $2.694, $2.483, $2.162 Major Resistance: $2.98-$3.05, $3.12 Minor Resistance:
