Last week, price action confirmed the previous speculated bias conversion to a bullish market with a couple of declines to support areas and finding buyers prior to achieving the support levels. In the Daily a series of higher lows confirm the Weekly chart above showing the series of higher lows in the last three months. Would suggest buying any dips in price action in the expiration week coming — but that in itself is a risky proposition. Perhaps a more conservative approach would suggest buying dips with built in sales prior to the $3.00 area as that will find significant selling on the first approach. Am traveling this week and next so the Weekly and Daily will be brief until events command more commentary. Key to this week is relax and buy dips to support.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support:$2.47, $2.38-$2.26, $2.17 Major Resistance, $2.707, $2.816-$2.836, $3.00, $3.536, 3.59
