So, a slide to the former resistance-turned-support at $9,586 (Nov. 4 high) cannot be ruled out. A violation there would expose the Jan. 19 high of $9,188 and the Feb. 4 low of $9,075. The short-term outlook would turn bearish if prices find acceptance below $9,075, invalidating the higher-lows setup.
Additionally, the firm will make a net payment of €158,000 to Negma to satisfy the terms of a guarantee related to the cancellation of 1.3 million warrants held by Negma. The guarantee was invoked by Negma on Feb. 4.