MSB Trading 2020 - a new dawn, page-6487

As a larger overall buyer, my guess is that they are trying to grab more shares at the discount to the highs yesterday. That's my thinking.



Couple of tell-tale signs (IMO of course..)

1) If you look at the volume, it looks oddly like way more buying in this dip

2) RSI lags abit, but if you look outside the purple box, you see a positive-gradient RSI after that period of selling in the morning which suggests that the buying has now recommenced.

3) In tandem with the RSI, I look at the On-balance Volume - its showing a positive gradient, again suggesting more buying pressure as opposed to selling pressure that is dictating the price.

3) MACD also looks like its about to see the shorter MA cross over the longer MA which suggests that the SP is about to rebound.

Hope that helps paint a bit of a picture of this morning's price action @JackTahoe !