The trade got they were seeking as prices jumped over $9.00 and got the short covering in the option expiration market. The market could not hold all of those gains during the trade as once the shorts were out — not a lot of buyers remained. Expiration is upon us and who has a clue as to what will happen as fundamentals haven’t changed in 3 weeks and the technical targets just seem to get run over.
Major Support:$7.663, $7.50., $7.00-$6.855, $6.411-$6.392, $6.247-$6.278, $5.27-$5.199, $5.001, $4.40-$4.26, $4.187 Minor Support: $7.722- $7.69, $6.00, $5.063, $5.04, $4.88, $4.60-$4.557 Major Resistance: $8.996, $9.60
