*Cover your eyes if you don't like TA
There's a nice confluence range between 3.25c and 2.8c. I'm only showing 100s and 50s to keep it simple, I find these numbers are the most powerful anyway.
-In pink is the price retracement of the previous run-up (50 provided support for the weekly close)
-In blue is the falling price retracement from 5.3c (very bullish to see it blast through the 61.8 and the 50 just touching the 75)
-Red is the extension of the previous run (100 can now act as support)
All IMO:
-3.25c first level of support
-2.9c second level of support- Best case
-2.6c-2.8c third level of support- Healthy
-2.4c natural level- if it gets to here we're in trouble
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AGO technical analysis, page-580
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