Interesting hammer candlestick formation that needs a confirmation that may not appear in the next few days. Immediate support at 50 days EMA line which is close to the $6.29 tail support of the hammer candlestick bar formed on 1st April 2008. Monitor gap supports at $6.10 followed by $5.72 if $6.29 support fails. Immediate resistance is the 200 days EMA line. Breakout above 200 EMA resistance line will propel price towards $7.00
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