Lower Volume, Low Volatility- HMM

Daily Continuous

Not sure what to say here but prices seem to be consolidating in the $2.90’s instead of testing mid-term support for the base of the range. We shall see what happens as the month moves on but consistent below average volumes (comparatively) over the last four days and a volatility in range trade condensing, are not consistent technical indicators of a break down or a break out. From there come more consolidation until something happens to steer trader’s actions.

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:

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