The stock tested the Initial Balance at the downside and reversed from 1050. The retracement should have greater volumes and momentum and wide range candles than the bearish candles to gain strength. Failing this, it will continue its downward journey or simply trade in the range. We will see what happens throughout the day. Check for updates and any trade signals
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Now the stock has touched the S2 (PIVOT Support 2 on 15 Min chart ) and is struggling to break it. The volumes supporting this candle (C7) is unable to match any of the previous bearish bars.
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It is still weak
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The stock has been ideal for Option Sellers it is consolidating since morning.