A 21.5% move up on $102M volume is a strong bid.
Price is holding the 20-day EMA at 2.57 after testing up to 2.93, with the RSI sitting at 68.
This is where the easy part ends. The move off the 2.23 low was simple, but now it's running into sellers at the top of the daily range. We're watching to see if this volume can push through 2.93 and make a run for the weekly high. If not, this was the exit.
Are you buying this retest, or is this the top of the bounce?
$TRUMP
More of these coming today. Follow to catch them as they land.
Price is holding the 20-day EMA at 2.57 after testing up to 2.93, with the RSI sitting at 68.
This is where the easy part ends. The move off the 2.23 low was simple, but now it's running into sellers at the top of the daily range. We're watching to see if this volume can push through 2.93 and make a run for the weekly high. If not, this was the exit.
Are you buying this retest, or is this the top of the bounce?
$TRUMP
More of these coming today. Follow to catch them as they land.
