$10.16 to $9.80 support zone has been transformed into the new resistance zone after price closed at $9.78. New technical review will now focus on the head and shoulders pattern measured move projection. The height taken from the top of the head to the red bold dotted neckline is projected downwards from the neckline to form the measured move projection which is $8.80. Before this support there is another gap support zone at $9.20 to $9.00. Only if this gap support zone fails than the head and shoulders measured move projection will take eminence.
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