I love this rationale. Not up ramping or down ramping just a very logical view of things.
The formation of a support level at this price would protect from a much bigger drop if some less than desirable news did occur. Actually the news wouldn't even need to be bad, an example would be no upgrade to guidance. We're all expecting it, if it doesn't come will that cause disappointment for some?
Imo we're in for a very good 6-12 months ahead but I am not against a bit of sideways movement to support that push higher.
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