There was significant support built last week at the 8s. The next support level will be at the 9s due to a large orders made at 10, and those type of orders create a pullback uncertainty at the 150% to 200% (.0015 and .002). The uncertainty occurs because we don't know the trading style of the buyers. If its day traders then those would be predictable exit points. If its dedicated investors, they will hold until a point closer to the predicted PPS value.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.