The community member of @AITECH and the analyst of the #SocialMining have observed that market tone has changed towards the favor of $AITECH following a week of risky accumulation above its vital support zone. Having begun to decline below the same due to adverse news regarding the market, the price has now begun to create short term uncertainty on what was a fairly stable structure.
Without the ability of buyers to protect the zone, daily closes below the support might result in revisions to lower levels a natural market correction as opposed to structural breakdown. On the other hand, when the demand is revived, then this low may end up being a turnaround prospect, particularly in the event where volume starts to validate the recovery trends.
Just like in the company of the #SocialMining , one is once again emphasized with disciplined observation and not reaction. The information is obvious, yet the subsequent action, accumulation or continuation, will be determined by the way traders will ascertain the momentum in the upcoming days.
