Daily Continuous
Didn’t see that coming this week- spoke about the YoYo in the market behavior but the string was snapped and price closed above the intermediate term resistance. Looking at the chart above, notice there was a similar breakout in both July and August only to give the gains immediately. Is this one different — tomorrow and Monday trade will define. Would not load up long quite yet but as the Weekly suggested the bias may be changing.
Major Support:, $2.112, $2.026-2.00, $1.991, $1.93 ,$1.642, $1.605
Minor Support : $2.18, $2.26, $1.89-$1.856
Major Resistance:$2.310, $2.39, $2.44-$$2.502, $2.618, $3.00, $3.16