JUNS Opinion - Traders are trying so hard to move this one. Just can't form the pivot during morning market. Note the MFI indlcator in terms of current position relative to the major vertical drop prior. I drew a horizontal line (magenta) to amplify the positioning. The MFI is telling me the pivot is very close and there are only two options at this point in time of the day (a hard yes or no) Yes, it will pivot this afternoon and begin the march up OR No, o, it will form a resistance and the price will drop and retest below to create a double bottom. - Opinion
JUNS Opinion - Traders are trying so hard to move this one. Just can't form the pivot during morning market. Note the MFI indlcator in terms of current position relative to the major vertical drop prior. I drew a horizontal line (magenta) to amplify the positioning. The MFI is telling me the pivot is very close and there are only two options at this point in time of the day (a hard yes or no) Yes, it will pivot this afternoon and begin the march up OR No, o, it will form a resistance and the price will drop and retest below to create a double bottom. - Opinion
