I don't know about the F/A at all, in fact I don't even know what they do (or propose to do).
That said, there was a massive liquidity event in mid/late May that was used by some holders to sell into, which is a concern.
Yes, there has previously been enough support come in around the 4.50 level to hold the price up, so that is the line in the sand right now.
The positive response seen today, closed midbar, which suggests supply maybe still an issue.
cheers
I don't know about the F/A at all, in fact I don't even know...
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