Well, if this move is genuine and based on fundamentals, leaks etc then we will need to consolidate this level and move higher from here, rather than just one or two high volume days.
We poked our head out of the wedge formation but then retreated:
The other reason for temporary spikes can be nominees taking positions on behalf of HNW clients who want some exposure. That would explain poor follow-through volume in relation to random volume spikes that only last 1-2 days.
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