Price action remains trading around the $6.00 area and some would call it a consolidation phase. Yesterday, continued this trading between $5.85 and $6.20 which is a smaller range that recent volatility. Is the consolidation setting up additional declines– down to the lows from previous declines — or is it developing a base from which a Q4 rally can commence and sustain. Have limited knowledge of any fundamental reasons for either of the potential outcomes so there will be no explanation.
Major Support: $5.61-$5.44, $4.716, $4.705-$4.68 Minor Support: $5.47 Major Resistance: $6.456, $6.74,$7.00, $7.18, $7.532, $7.71-7.75, 8.021,
