New placement shares were issued at $1.51 and a gap down reaction was triggered. Immediate green bold trendline support must hold for a retest of the $1.655 to $1.62 resistance zone.
Support failure of the green bold trendline will probably result in a move down towards the new placement share support zone indicated by the blue rectangle box. The red support band is also within this support region.
Take note of the lower support zone of the channel if there is break down below the red support band. If lower channel support does not hold next potential support is indicated by the green rectangle box.
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