Check out the charts people...
Currently on the edge of a breakout.
Assuming there may still be a few shareholders who need to sell shares to fund their options conversion...allowing for standard settlement times, they have to sell no later than the 25th (tomorrow) to have the funds in their accounts to cover cheques by the 30th.
On this basis, I expect to see selling pressure at current levels evaporate after tomorrow and a subsequent rally to follow.
One might suggest it may have already started?
Cheers!
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