Critical Point

Price appears to be moving in an upward parallel channel. Now it is testing support at the bottom of the parallel channel. Price is also testing the 200 EMA (10.17). If the Bulls have their way price will go through the 10.70 price and then 11.00. If the Bears have their way price will drop to the 9.75 area and below. Let us see how price reacts around the 200 EMA.