Monday, December 23, 2019 4:21:11 PM
support held from last weeks plunge to 2.82. then started climbing and holding. and made a nice jump today. Careful now, at resistance. a big test for this bounce. will we see momentum develop or capping and selling down again. Upward target needs to break thru the 3.30-3.45 resistance to target 3.75 area. on the way to 4 dollar area. Resistance here at 3.30-3.40 could show some strength that can be evaluated when it gets there.
The one dollar rally looks 2.82 to 3.80 target zone. The stifling bearish pressure should start attacking soon,here at 3.30 area. 3.40 It would be a bullish momentum break above 3.45 resistance. not to the moon, but maybe reaches the 3.75 target zone. Shorts will get more serious around 3.70-4.00 area for sure. Lets see what they do this week in the next overhead step at 3.35. its becoming a 50 cent rally bounce target so far, to 3.32 overhead now.
small bounces upward look hopeful
and the support base holding 2.80/2.90 looks hopeful.
Market open half day tomorrow
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