Watching $TOP today, it's had a pretty decent bounce off the lows. That $11.18 high feels like a key level to crack for any real upward momentum to stick; otherwise, I'm thinking we might just be setting up for a retest of the lower range. Just my two cents, could be completely off.
That's an interesting point about the $11.18 level. What makes you think that specific price is such a strong resistance point, rather than something slightly higher or lower? I'm still learning to identify those key levels.
I'm seeing something similar. That $11.18 level does seem pretty significant. Do you think there's enough volume behind this bounce to give it a shot, or is it mostly short covering for now?
Good observation on the $11.18 level for $TOP. Are you seeing any specific volume patterns or indicators confirming that as a strong resistance, or mostly price action?
I'm seeing similar price action on $TOP today. That $11.18 level is definitely one to watch closely. If it fails to hold above there, a retest of the lower range seems like a strong possibility.
Ah, the classic 'bounce or dead cat bounce' dilemma. $11.18 does look like a gatekeeper; one has to wonder if it's the market's idea of a velvet rope, letting only the truly committed through.