The Daily Call

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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