Major red down trend resistance line on weekly chart obstructed Mermaid upstream swim. Blue up trend aupport line still intact. Need Bull Whales to help Mermaid break through the barrier reef and continue upstream towards 90 cents followed by $1.00 and mount an attack the Polar Bears pouncing along the green resistance line.
However, if the Polar Bears attack tomorrow then Mermaid will retreat down towards 80 cents and swim further down stream towards the red lower channel support.
On the daily chart a doji is testing the green support zone and the upper blue channel support boundary. If the strong down stream current continues a test of the bold red mid Bollinger band support followed by the lower blue channel support is inevitable. Next support is the green lower Bollinger band.
If Mermaid manage to enlist the help of Siren to lured the mariners from the sea blockade at the red channel and blue upper Bollinger band the next resistance will be will $1.00 followed by $1.06 .
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