Short term - Where are we headed?, page-2

Sellers are still in control but there are some buyers around but not enough to develop any sustainable bullish momentum so the positive moves usually peter out. The recent break above 73 cents looks like a false break and DNA has retraced and resistance at 73 cents is in play again for the moment with buying support around the 71-72 area. Nothing in the pattern to suggest any particular confirmed move is afoot although downward momentum seems to be waning.

Hard to predict where it will go from here. Seems to be consolidating but it could go either way. Sellers are being mopped up as this goes on which helps.

For the Fib aficionados it has retraced to the fib 23.6% level of the up leg following the 54 cent low in January.  The bearish Harami cross candlestick pattern which formed on March 19th and 20th has not been confirmed.