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The resistance is provided by the 23.6 percent Fibonacci projection level of the wave c, the third wave of a three-wave cycle from the Aug. 12 low of $3.22-1/2. This wave is capable of travelling to $3.44-1/2, the 61.8 percent level.
A more realistic target could be $3.40-1/2, the 38.2 percent level, a break above which could lead to a gain to the 50 percent level at $3.42-1/2.
Support is at $3.35-1/4, the 23.6 percent Fibonacci retracement on the rise from $3.22-1/2 to the Aug. 15 high of $3.39-1/4, a break below which could cause a loss to the 38.2 percent level at $3.32-3/4.