Originally posted by avagadro
There is always a trader sell off in the afternoon. That is not news.
Anyway, back to the chart, intermediate resistance zone 7.2c to 7.4c which is where this has struggled before. However this time MACD and stoch are swinging up and volume is here.
Probably some trapped buyers in this spot so a small fight here, re-test of 7c support likely.
But the way the prop sells keep shuffling up is again very telling.
7.4 previous runs high
will run a fair way up after this falls
