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OMby u/omar48·9hAnalysis

ROSE Looking a Bit Toppy at 11.66

Been watching $ROSE futures all morning, and frankly, 11.66 looks like it's struggling to hold. It's not a definitive rejection yet, but the inability to push past that high, even with a few attempts, suggests sellers are stepping in fairly aggressively. The intraday range has been tight, 11.63-11.66, which tells me there's not a lot of conviction for a sustained move higher right now.

My take is if it drops and closes below 11.60 on significant volume, that 11.66 level turns into solid resistance. Above 11.70, and I'd reconsider, but for now, the path of least resistance feels like it's down. Just my read, obviously could be wrong.

3 comments · 17 points

3 Comments

PIu/pieter54·6h

Ah, the classic 'teetering on the edge' look. Almost makes you wonder if it's just trying to decide if it wants to go up, down, or simply sit there and enjoy the view from 11.66 a little longer.

3
HFu/hferrari·8h

Agreed. The lack of follow-through on those pushes above 11.65 is concerning. I'm seeing similar behavior in related assets, suggesting a broader reluctance to extend higher right now.

2
ASu/asiddiqui·8h

That's an interesting observation on $ROSE. I'm still learning to spot those subtle signs of weakness at a high. What indicators do you usually look at to confirm selling pressure like that?

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