Wouldn't pay attention to indicative open prices until 15 minutes before opening. Anything before 09:45am not accurate or useful.
So much for confirmation of the bullish indicator yesterday. Don't look like we will get a long green body today.
Something to note is the huge volumes going through. But they are mostly "Cross Trades" that are creating them.
Unusual volumes created especially coming out of the blue near the previous low of $2.81 while recent days were relatively low volumes.
Almost like wanting to cause capitulation and break of $2.81 by using these high volumes.
Open today of $2.82.
What would change things around now and be a significant thing is if we get a close back at $2.85 or $2.88 today after all this volume. A huge reversal. That would indicate this is the bottom. But looking at the weakness created by the volume, unlikely. Looks like we will see $2.81 broken and onto $2.80 because that is what these cross trades want to do.
Whatever is going on, the bottom is coming. I don't think it will go lower than $2.65. With a bounce before $2.71 likely.
A little on cross trades attached (source Investopedia).
TLS Price at posting:
$2.82 Sentiment: Buy Disclosure: Held
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