monster stacking on avb great finish :), page-64

Well I said "around" 8.5c and don't know how long it will hang around this region but some indication of how much support can be seen on the 5 min chart to the left from 29 Aug .... It looks to have spent 4 to 5 hours at this level.

In fact the band of support is mainly in the 8.3 to 8.6c region in reality... so we have bounced off it once but it may in-fact enter it again shortly...

If it breaks below say 8.2 I would start to get concerned that a further fall is on the cards.

There is no real rocket science in this... simply looking at where price action has prev halted understanding the possible psychology of folks who purchased or sold in that area and what they are likely to do when pushed to a decision either way, keeping in mind the overall market sentiment of course.