Alright, checking in on $THE on the 1-hour.
We just saw a decent push up that got rejected pretty hard from the $0.274 area, which looks to be a strong overhead resistance right now.
Before that move, we were consolidating in the $0.25 to $0.26 range, finding some support around $0.248.
Volume came in strong on that last spike, but it's dropped off considerably with this pullback.
That's typical, but we'll want to see how volume reacts if we retest support.
What's next?
We're currently sitting around $0.262. If it holds above $0.26, we might see another attempt at $0.27.
If it breaks down, the previous consolidation range around $0.25 and then $0.248 could be tested as support. Keep your eyes on those levels.