Prices Break Above 50 Day SMA

Daily Continuation

Not since February has the price broken above and closed above the 50 day SMA. While clearly, bullish in bias I will wait until a confirmation of the gains during this week. Tests and closes above $3.00 will confirm the break out– should prices retrace and fail at this resistance watch for the higher low discussed here for a couple of weeks.

Major Support: $2.640-$2.57
Minor Support/Resistance :
$2.87-$2.84, $3.16-$3.148, $3.136, $3.02-$2.97
Major Resistance: $3.35, $3.486-$3.494, $3.567, $ 3.736

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