I'm not sure what you are getting at. Technically, the SP fell 1/6/20 so therefore it fell through the 200MA ( which was a strong support level ) it became a self fulfilling event as sellers capitulated. As you can see on the chart, it has worked its way back up to the 2ooMA resistance twice in Oct and Nov and has been tracking it since end of Jan. Regardless of the market cap or volumes traded, the 200MA is always a powerful price point on the chart. It doesn't matter if theres 1 million shares or 1 billion shares on issue, the 200MA will always reflect a strong price support or resistance level. Hope that helps ...............
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I'm not sure what you are getting at. Technically, the SP fell...
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