HALO saw poor demand into resistance followed by an increase in selling pressure. This is usually characteristic of DISTRIBUTION; however, price did not close below support. This is because demand exceeded supply.
This is a signs that BULLS are attempting to "absorb" supply.
Even in the face of indecision longs have an opportunity to buy support offering a good risk to reward.
Good Luck!
This is a signs that BULLS are attempting to "absorb" supply.
Even in the face of indecision longs have an opportunity to buy support offering a good risk to reward.
Good Luck!