For today: PP=3.343
Resistance: R1=3.355
Support: S1=3.32; S2=3.302; S3=3.283
A big bunch of (wrong) 'stops' around ~3.3 was hit right at opening with good volume ~250 M just within 5 sec --> cheap & easy targets, given ~4 M 'shorts' opened at average ~3.345 later afternoon yesterday. Some are closing just within the zone S3 - M---(3.296) with good return ~1.5% (see last weeks posts for extra-st-active low-volume/low-risk tech-strategies common at overall negative market sentiment).
So, we had quite enough (almost) "voluntary sellers" (on stops) helping to maximize profs' returns.
Again, just take a look for instance at the d-pattern:
i) ~10.48 --> 0.5 M up within just 2 min from 3.288 to 3.315, and then
ii) ~10.50 - 11.22 --> ~0.15 M down, back to 3.288
Result --> 'positive balance' ~0.35 M within just ~32 min
Though a bit "emotional", indeed, but actually pure "tech stock" is just preparing for a high yield div (at negative general market sentiment)
PS. As for the market, it tries to break under the lower edge ~425 of important static s-zone ~430-425 (see yesterday post). If the s-zone is broken at closing (and confirmed tomorrow), the prob to dive towards 400 and further to ~380 will rise essentially.
Again, there is nothing new in the fact that the telcos' income from land-line phones is (smoothly) falling down ---> this was clear (predicted / expected) years ago.