SO at year high.... From AM weaknes to a powerful run above 2600 after 4pm. Who cares about the strong RM…all about tech buy above 2600.
Before 4pm, it was softer tone but strong support seen at 2470. The buying came back after SO reversed its pullback mode from year high and renewing year highs in PM, the second time in a day.
Since tomorrow is Friday, a run towards 2700 looks too optimistic, maybe 2650 will attract profit take sell. Fresh upper range, 2600-2700 seems imminent; therefore bargains are likely to hold mkt above critical tech support.
Before 4pm, it was softer tone but strong support seen at 2470. The buying came back after SO reversed its pullback mode from year high and renewing year highs in PM, the second time in a day.
Since tomorrow is Friday, a run towards 2700 looks too optimistic, maybe 2650 will attract profit take sell. Fresh upper range, 2600-2700 seems imminent; therefore bargains are likely to hold mkt above critical tech support.
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