Support $1.47-50. Resistance $1.63-67
Today’s low is lowest since Dec 10 low of $1.48. Narrow movements since mid-Jan between $1.53-$1.67. Total fall so far is 9% from $1.67 on Jan 29. 10 days earlier it touched $1.71 and on Jan 7 reached a $2.04 high.
Based on this track record, stock should continue minor rallies and buy on weakness remains a safe option. Trading at base of trend channel as well as lower Bollinger band and RSI at 42 near lows of past month and unlikely to weaken much.
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