@juniortear from my experience it is better to look at price action to try understand today's price movement on such a significant large volume. In the chart below I looked at previous occurrences of heavy sell off volume days. Price action immediately after two of three sell off days resulted in a sideways price consolidation at the bottom of the range formed on the heavy sell off day. On probability I expect we could see sideways price movement ranging from today's lowest point to below $1.60 in the short term at best. The $1.70 price level remains intact as resistance until price breaks through this level and close above. The area marked in yellow is support zone that existed pre the covid plunge and at worst price can visit the bottom of this support zone which is around $1.40 level. Unfortunately despite the good results I can't see any upside in the short term imo. GLTA
UWL Price at posting:
$1.54 Sentiment: Hold Disclosure: Held
