The moving #averages are #expected to provide support during pullbacks. A break and close below the 200-day SMA ($150) could turn the tide in favor of the bears. The pair may then slump to $132.
The moving #averages are #expected to provide support during pullbacks. A break and close below the 200-day SMA ($150) could turn the tide in favor of the bears. The pair may then slump to $132.
soared above the #overhead resistance of $0.43 on March 21. The bears tried to trap the aggressive bulls by pulling the price below the moving #averages but the bulls held their ground.
Sellers are likely to defend the moving #averages during pullbacks. They will try to maintain their hold and sink the price to $0.65 and then to $0.56. The bulls will try to #fiercely defend this support zone.
