TA UpdateThe stock bounced off support at $1.01 but also failed to break through what is now resistance at $1.09
The intraday is showing that the MACD and Slow Sto are heading down on the 5 minute chart.
This is setting up for another test of the $1.01 support line.
Basically a battle between the bears and the bulls right now with the bears having the charts in their favour at the moment.
Smart money is still in cash waiting to see which line is broken.
A break below $1.01 gets you a test of .87
A break above $1.09 gets you a test of $1.23
Happy Trading all,
Mediascan