If price closes above 30.5 cents today it will form a bullish piercing line candlestick charting formation. However, if closing today is below 30.5 cents it will form a bearish thrusting continuation pattern. Immediate resistance is the black downtrend line. Next resistance is 20 days EMA resistance line followed by 33 cents resistance. Immediate support is 28.5 cents. Support failure here will result in a test of uncharted depths as price falls towards new lows. A measured move calculation suggests high probable support at 24 cents.
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