This could signal the stock is ready to see a strong bearish push. Bulls want to see it start moving toward the $32 support level.īearish traders are looking to see the stock begin to hold the $26.50 level as resistance and see the stock be unable to cross back above the level. This could signal the stock has found a bottom and that it is done dropping. The increase in buying pressure suggests that the stock could be forming a bottom.īullish traders are hoping that the stock starts to form higher lows and can get back above the $26.50 support level. This illustrates more buyers are entering the market, although the stock still has more selling pressure overall.
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