Nice Range Yesterday

Daily Continuation

Prices gaped open on Sunday night then retraced during the morning to close both the Daily and Weekly gaps then spent the remainder of the day rebounding off the declines to close the day with a solid gain on strong volume. Now the market will decide to expand on the runs or consolidate the momentum change for a couple of days. Expect a retest of the $4.00 area and perhaps a run at yesterday’s high.

Major Support: $3.734, $3.63, $3.584-$3.522
Minor Support: $3.82
Major
Resistance: $4.02, $4.127, $4.20, $4.278

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