Short Covering Rally at the End

Daily Continuation

After challenging the low, prices seemed to just run out of sellers and showed a solid short covering rally at during the day and at the end. They opened a little stronger last night but no major move as the declines may have hit a vacuum last week but are unlikely over. Perhaps they challenge the high side of the recent range ($2.24-$2.38) before starting additional declines.

Major Support: $2.00, $1.991-$1.96, $1.795-$1.766
Minor Support:
Major Resistance $2.12-$2.184, $2.36, $2.836, $3.00, $3.536, 3.595

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