Aggressive selling accounted for more than 60% of activity during the period, but the bears’ attempt to push prices down failed to keep them at lower levels.
$TIA briefly fell below the lower boundary of the range, which had held at $0.635 for four hours, before its losses narrowed and it returned to the range.
Spot trading volume for the period climbed to nearly $290,000, more than double the previous average.
The unsuccessful high-volume test of lower prices suggests that buying interest near the lower boundary is providing a cushion. The price may move away from a one-way decline and return to its previous sideways consolidation.
$TIA briefly fell below the lower boundary of the range, which had held at $0.635 for four hours, before its losses narrowed and it returned to the range.
Spot trading volume for the period climbed to nearly $290,000, more than double the previous average.
The unsuccessful high-volume test of lower prices suggests that buying interest near the lower boundary is providing a cushion. The price may move away from a one-way decline and return to its previous sideways consolidation.