Could well finish on its high for the day...
Interesting action here...clearly some net exit strategies being employed, but there also appears to be a net underlying buy-up going on.
There is a chance the "noise" of net-exit pressure is nothing but a smoke screen?
Was concerned that the options were not leading the way...usually a sign the heads are simply being worked over for net exit purposes...but today, coinciding with an apparent end of selling at the 2c level, the options have finally attracted interest.
It is a hard one to judge, but my interpretation here is net accumulation hidden within significant churn.
We may well have concurrent net selling form one group and net buying from another, with the sellers finally nearing the end of their line.
I such circumstances of indecision, I typically re-visit the fundamentals...which on this occasion appear to support a re-rating scenario.
Cheers!
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