Small volumes today however some weak hands out there, algos included.
Price closed below 9 day ema so probably a test of $20.70 next week.
Swing traders paradise.
Long term channel between $21-$28 still in play, strong support imho.
127.2% Fibonacci retracement is $20.34 if price moves below $20.70.
Who knows, 141.4% Fib retracement level is mid $15. We can only dream that it'll get there.
Lot of demand around $20 last week and tough game going short down here with approx. 35% gap on chart that will need to get closed.
Shorts are covering, that we've seen. Any wiff of next FUM report being in line with or above expectations and this goes to $25 easily imho. Shorts to burn lol.
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