Hi rajen,
I agree that the US Investor Pres announcement probably unsettled plenty of people, as it is often associated with a CR. Therefore this is more than likely the reason why the rally ran out of steam pretty early, as well as the SP getting very close to the 27 cent resistance level.
Nevertheless, today's trading was a great consolidation after Friday's big move and sets things up nicely for the rest of this week. In addition, any good sales announcement now almost guarantees another large spike up in the SP.
Best regards!
MB
chart update, page-1012
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