This has been moving back down, pretty orderly, to retest the PoLR. That’s a pretty typical event which gives another buying, or addon, opportunity. The volume has gotten down to very little and was an inside day relative to the day before.
It made about a 26% move coming out the low of its handle and broke above its PoLR. Therefore, it needs to digest a bit before moving higher. Also, it never did have a big volume BO at the PoLR or after. Therefore, a retest would not be surprising. However, the lack of a big volume at the BO is a little concerning and leaves a possible retest failure on the table.
Order Details
Adding another 10% of a full position.
