Broker data for TSO.
The price is about to break a resistance level formed by falling trendline.
The broker data for the past month:
Top buyers:- Morgans +$144K
- Merrill Lynch +$25K
- FinClear Execution +$19K
Top sellers:- Commonwealth Securities -$100K
- J.P. Morgan -$47K
- Morgan Stanley Securities -$28K
The chart below shows change in net volume for 4 retail brokers. As we can see, there is a clear pivot from buying to selling in Feb 2025.Retail investors started to sell to professional investors.
I like setups when a break of resistance is backed by professional buying.
Morgans recently initiated coverage of TSO - that explains their buying. Here is their report.
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