Bullet Point – Support Broken
Support at $2.76 broke and the equity is trading at $2.72. While I still feel that $2.70 is a low point in this (the 50 day moving average), I can not ignore the fact that support broke. It is happening on lighter than average volume, so that weighs into the equation. Put $2.60 back onto your radar screen. It is a player if we break below about $2.67 (a small chance of this). If I was an active trader looking to re-enter I would do so at these levels.