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Thursday, 02/01/2018 10:44:47 AM

Thursday, February 01, 2018 10:44:47 AM

Post# of 6602
Now that we are at 1.40, I wanted to explain how I came up with that as my low range number (1.40-1.60). Before I do, if you look at the daily chart for today you will see that there have been several attempts to push below 1.40, so far rejected.

I looked at the 52 week chart and noticed that on 21 Jul 17 $1.40 was the intra-day low where it bounced off of and jumped to a high of $1.93 and a close at $1.73. It went on to a short run.
I then looked for other points that $1.40 may be key. I went back and found that it was also the intra-day low on 14 Jun '17 when it jumped to an intra-day high of $1.92 to close at $1.81, after which it went on a short run.
Then on 23 Aug '17 it opened at $ 1.40 but fell below and had not closed above for 2 months.

Agree or not, that is where we are now. For me, a close below will begin the final leg down to $1.00-$1.20
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