trading patterns today very similar to yesterday. i.e big opening with large orders seeming to sell down but more likely being absorbed by the same insto.... In my opinion this is well disguised accumulation. Albeit the trend has evidently turned for the better so maybe not so well disguised.
Previous congestion/support at 34/34.5 will definitely be resistance for the short term. I'd think a break past 34.5 and we'll see some big gains. Maybe not today.
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