XJO had been distributing all week As of yesterday, they wiped out all the sellers for the week to make the overnight highs XJO has reached the point of no return Either it breaks the channel & uses new supports or there's a big 200-point flush coming before trying again later in the month
PNV has done the opposite Had buying all week with the bears struggling to contain the price The only 2 price points of interest for me are the 1.72 that wipes out the sellers or the 1.38 that needs to hold if they stop hunt the 1.42 low buyers from earlier in the week 1.30, 1.52 & 1.72 are the 3 price points the bears have tried to contain since the start of the month As soon as bears lose control of 1.52, the 1.72 sellers may panic I won't need to discuss the 30m shorts all priced under 1.38 that need to cover
PNV Price at posting:
$1.49 Sentiment: None Disclosure: Held
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