Yes and no is the simple answer going back to last year.
I have marked the high volumes with red arrows and note that there is some correlation but not enough to be definitive (IMO) as some actually related to large down days, signifying smart buying at the lows.
For the future I would suggest that one can be more comfortable if it can close above 76cents as per the yellow rectangle.
Also, one needs to keep in mind the effect of the loyalty scrips
Until next week
Cheers
V
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