ANR: new highs coming!?

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Question is if the previous low @ $3.10 was it for ANR or if more is to follow… !?! For now, looks like the retrace down to yesterday’s low ($3.14) was a 3-waves down, and hit the 1.618x extension of wave-a down, measured from wave-b. Note that so far the retrace has not gone below $3.10 but got close… Hence, from a TA perspective one can draw a horizontal (blue) line at both day’s closing prices ($3.20 and $3.19), looking at the MACD we then see a clear + div, green line, which is also evident in the RSI (not shown). With these 3 pieces of the puzzle I expect ANR to rise.

ANR update 07222014


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