Last week provided the initial test of support and declining in the normal post Independence day fashion– now lets see what the low end of this trading range is as last week provided solid tests of several levels (see Weekly section). The high end of the July range has likely been established with last week’s high– but that is not written in stone.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766
Minor Support:$2.52-$2.47, $2.38-$2.26, $2.17
Major Resistance $2.816-$2.836, $3.00, $3.536, 3.59