While the early strong gains were impressive, some bulls decided to take some profits in the move. Declines from the high were indicative but not conclusive that future gains will not occur as the those declines were slight compared to the weekly move. This week’s move over $5.00 needs to be confirmed that folks are comfortable over that level which should mean a test below and a consolidation around the key level.
Major Support:$4.40-$4.26, $4.187, $3.972, $3.734, $3.63, $3.584-$3.522 Minor Support: $5.08, $5.04, $4.88, $4.60-$4.557 Major Resistance: $5.18, $5.33
