hard · Volume Spread Analysis
A stock has completed a selling climax and is trading sideways. A news event on Friday afternoon causes a gap-down on moderate volume, but by the close, the price is at the top of the day's range.
What is the most likely professional maneuver?
- No Demand following the climax.
- The Friday Afternoon Shake-out
- A Bearish Gap through Support
- A Trap Up-move
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