Yesterday movement has proven that it will be moving
downside. The down bar did not managed to recover higher than the opening
price. Indeed there are some absorption but wick is too short. Plus the volume
is lesser than yesterday bar. Thus this proves that there is no much activities
or shares exchanging hands.
From the volume, one good news is BB are till holding on the
shares. There should not be much a downtrend but instead a correction to allow
them to buy more.
Short term – downside to 110-112.
Mid to long term – more upside to above 120 -140.
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