The dramatic declines of the last few days, have left prices entering the extreme zone of over sold. Not saying it can’t decline more — just warning that additional declines are likely to to be short in extensions (see Weekly section). Would allow for the rebound that will be coming, at some point, before entering new short positions.
Major Support: $3.638 Minor Support: Major Resistance$4.22-$4.39, $4.75-$4.825, $4.948, $5.056
