An interesting trade day as prices started off like the break out above the Oct/Nov highs was a given, then they just traded within a 3penny range until the end when they declined. Thought for sure that the breakout was coming and if it does come with a close above $3.396– kiss that retest I was (still am) expecting good bye. Currently, it is a test of support at $3.129 (didn’t quite get that low – a penny off) and now it is testing resistance and this is a large resistance area. A break above (daily close) and short covering will likely take prices up to $3.48 and develop a new scenario of the rest of 2021.
Major Support: $3.198, $3.129, $3.00 $2.914-$2.886, $2.78, $2.71-$2.70 Minor Support: $2.694 Major Resistance: $3.321-$3.33, $3.369-$3.396, $3.482
