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Support/Resistance:
Once again, the price has managed to go above $3. It is still not able to break out of the symmetric triangle. Major Resistance will be at $3.50 and Major Support will be at $2.75.
Indicators:
MACD, RSI and stochastic are showing mixed signals, so nothing to conclude from these indicators.
My Target Price:
It will be a good buy @ $2.75 and a good sell @ $3.50.
Please note that I am using TA to position myself for long term investing and not to predict the direction of the market.
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