hold tight, page-9

CJCC, I think it is a large seller exiting or reducing their holding as some weak holders or stop loss joined in.
Definitely there is support at this level from another equally large buyer that seemed to be also accumulating for the past one week.There are also many smaller buyers coming in to buy at 50,000 lots besides the ones that bought at 250,000.The other are more fragmented buyers.At the lower end, smaller buyers exceed smaller sellers at this stage.This is from my observation of the market transaction. It is likely EUROZ is buying for their clients as this level looks value compared to their targeted price an their research.