Red mid channel support line has turned into the new resistance line. 20 days SMA support line may be broken if selling pressure continues. Next suppport is $1.05 followed by the 50 days SMA and lower channel support lines. Upward price movement will encounter the red mid channel line followed by the green short term downtrend line. Breakout above these resistance lines will propel price towards the upper channel resistance line and the 100 days SMA resistance line.
More Big Boys selling while more retailers are buying. If this volume distribution pattern continues on Tuesday expect a test of $1.05 support line.
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