Consolidation Leads to Break Down

Daily Continuation

Prices broke down below the commonly traded Moving Averages and started to test the support from many of the weekly highs from last December (including the lows from the week ending 12/3). A continuation of the break down will likely find little support until $3.81-$3.73 in the coming weeks.

Major Support: $4.02, $3.734, $3.63, $3.584-$3.522 63, $3.584-$3.522
Minor Support: $3.82
Major
Resistance:$4.18, $4.32, $4.48, $4.73-$4.775, $4.818-$4.825, $5.045

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