There would appear little doubt now, that the previously accumulated positions on PDN, were dumped yesterday afternoon and today.
Without that supportive influence in the background, it will mostly be left to the retailers who will be battling amongst themselves for a bit now. And it is fairly unlikely the retail side will be able to provide enough support to hold this thing up if it all turns to shite bad in the short term...........
PDN 1 hr chart
cheers
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