Watching $TOP for a potential bounce or further downside break
Been keeping an eye on $TOP today. It's had a pretty significant dip, currently trading around 10.45, down from the open. What's catching my attention is the current daily low at 9.33. If we see a retest of that 9.33 level and it holds, I'd be looking at whether it can establish some support there. A bounce from that zone could indicate some buying interest emerging after the initial sell-off.
However, the flip side is equally important. A clear break and close below 9.33 on decent volume would really invalidate that support scenario for me and suggest further downside is likely in the short term. The range today, from 9.33 to 11.12, shows quite a bit of volatility, so any potential move either way would need to be watched carefully for confirmation.
Interesting level you're watching there. I'd be curious to see the volume profile around that 9.33 mark if it gets retested. A bounce on low volume might not be as convincing.