One would have to think that the $8.00 level is in the couple of days trade. This time, the market may not be as over-bought as last time, but the price is already over the 2 standard deviation bollinger study but the previous attempt, prices were over 3 standard deviations over the 20 WK moving Avg. Still have $.50 to go but it is likely that the market will be at similar over-bought levels should it move there. Would keep trade expectations on a “daily” basis as holding for longer term may provide significant risk (see early April).
Major Support:, $6.855, $6.411-$6.392, $6.247-$6.278, $5.27-$5.199, $5.001, $4.40-$4.26, $4.187 Minor Support: $6.00, $5.063, $5.04, $4.88, $4.60-$4.557 Major Resistance: $7.536, $8.065
