hard · Volume Spread Analysis

A stock is trading in an accumulation range between 42 and 46. You observe a bar that dips to 41.20, triggering stop-loss orders, but recovers to close at 45.80 on volume that is 0.5x the recent average.

What is the most likely professional maneuver and the expected follow-through?

  1. Failed Test; expect lower prices
  2. Spring; expect immediate mark-up or test
  3. Shake-Out; expect a deeper decline
  4. Upthrust After Distribution; expect mark-down

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