So today we reached the lower boundary (16/16.5c) of the ending diagonal triangle I mentioned last week.
Will this level hold? On a closing basis I expect it will. But it can push lower intraday, and in fact that would be the ideal scenario.
But one thing that puzzles me is how we are going to get a rally from this level without an announcement......with tax loss selling continuing unabated, an announcement is needed.
Astute buyers are around, but they have no reason to aggressively acquire the stock at this time....let the sellers come to you
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