What else can be said?  The equity continues to flounder as day after day goes by.  There is no real catalyst in sight, and from a technical standpoint nothing to get too excited about.  The street appreciated the debt offering of $1.5 billion, but beyond that, the equity is simply trudging along.

What we need is for this equity to break through $3.20 and hold that level as a new foundation for moving ahead.  The longer we stay down here at these levels the harder it will be to move up to the $3.50 level and beyond.


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Support and Resistance

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Exponential Moving Averages

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