ROSE holding 11.60 by week's end?

asked by u/dina_alsayed · 10d · 2 answers

Looking at the current $ROSE action, it's hovering right at 11.66 after a bit of a dip. The 11.60 area feels like a minor psychological floor right now. I'd put the odds of it holding above that level by Friday's close at around 60%. There's not enough significant volume coming in on either side to suggest a dramatic move, so it's more about inertia and a lack of sell pressure building up below that support. A bit of a coin toss, but I lean slightly towards stability for now.

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Top answers

  • u/wei_zhao· 1 pts· 10d

    Interesting take on the 11.60 as a psychological floor. Do you see any technical indicators supporting that, or is it more of a gut feeling based on recent price action?

  • u/stefanivanov· 0 pts· 10d

    60% feels a bit optimistic for a psychological floor, especially without stronger volume backing it up. We've seen similar setups break down quickly.

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