Very bearish! Look at the monthly and weekly TF! Price has broken below the lower channel of the ascending channel. BUT this could be an area of big bounce coming. Look at the fake break out in Dec outside the upper channel and upper BB. Now price is testing the long term down trend line.
If a bounce materialize, $3 is the target.
Daily support/resistance on 27th Feb: 2.788, 2.765
Weekly support/resistance from 27th Feb - 3rd Mar: 2.757, 2.674
Monthly support/resistance for Feb: 3.199, 3.333 (NGH7: 3.196, 3.323 )
2017 Yearly support/resistance: 3.415, 2.757
Daily support/resistance on 27th Feb: 2.788, 2.765
Weekly support/resistance from 27th Feb - 3rd Mar: 2.757, 2.674
Monthly support/resistance for Feb: 3.199, 3.333 (NGH7: 3.196, 3.323 )
2017 Yearly support/resistance: 3.415, 2.757
The market breadth was narrow with 1,200 shares advancing, 1,060 shares declining. About 166 shares were unchanged.capitalstars
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