short, page-6

My version of the down channel but missing todays candle (delayed data).

I currently see support levels at $20.00, $19.75 and $18.50 before the $15 previous low.

$20 is a long term support line.
$19.75 is the upper resistance between Mar 19 and Apr 9, it also has become the support line post that date (15 apr, 21 apr and today).
$18.50 is the lower support between Mar 19 and Apr 9.

Above I see resistance at $22.50 and $24.50 as well as the down trend line currently around $22.




I would see a possible 10% upside from here to $22 hitting our down trend line but on the flip side you could be looking at a 25% downside to $15!

But as has been shown in other threads my reading of charts is still lacking so take all with a large grain of salt :P