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The bounce from the July 5 low of $4.15-3/4 is against the downtrend from the June 8 high of $5.33-3/4. It consists of three waves, with the third wave labeled C having just started.
A Fibonacci retracement analysis on the rise from $4.15-3/4 to the July 13 high of $4.51-3/4 reveals a resistance at $4.29-1/2, the 61.8 percent level, and the support at $4.24, the 76.4 percent level.