Good morning LL
Wow, that was sure an ulgy goof...should have read resistance 3.65 - 3.70
my apologies.
If you are looking for an entry point, there are a few possible scenarios:
3.38 should now act as support...buy 1/3 of you position and use that level as your gauge going forward.
If it fails 3.38 you could pick up the next 1/3 at 3.22
3.09 is my low support level...I have bought on each of these points.
With good market conditions and volume I see the next level being 3.65 then back into the $4 range...but thats the kicker, what is the overal market going to look like this week?
My guess based on fridays activity...probably pretty good. So don't miss the game, buy a part of your position, just not all of it so you are prepared for any market corrections.
Just my way of playing safe...good luck
GS40