The 21-DMA confirmed its significance on a close basis with the dip below Monday aggressively reversed and immediate focus having shifted to the $52.46 resistance level. Bears now need a close below $47.92 to ease bullish pressure and below $46.67 to confirm a break of the 21-DMA and shift immediate focus back to 2015 lows. Above $52.46 sees focus shift to $55.51-59.53 where the 55-DMA and 38.2% Fibo are located.
RES 4: $56.89 – 55-DMA
RES 3: $55.51 – High Jan 2
RES 2: $52.46 – Low Jan 2 now resistance
RES 1: $51.12 – Bollinger band top
PRICE: $49.88
SUP 1: $47.92 – Hourly support Feb 2
SUP 2: $46.67 – Low Feb 2
SUP 3: $45.83 – High Jan 28 now support
SUP 4: $43.58 – 2015 Low Jan 29
