$OPEN once again repeating the same pattern. Strong bounce from the $4.26 area, rally into the mid $5.50s, then another pullback. Price has spent almost the entire year coiling within this range. The question now: are we finally putting in a higher low, or is this just another move back to support before the cycle repeats? Volume has been running 2–3x normal over the past few weeks, with earnings just around the corner. Something has to give.
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