For today: PP=2.611
Resistance: R1=2.631
Support: S1=2.599; S2=2.579
Strong support zone: ~2.595-2.555 (read last week posts)
Following p/v/t- distributions, there are NO profitable speculative shares under the 2.555 level. The only lt-investors that stepped in well before 2015 could make profit by selling under 2.555. However, they don't sell at this time/level, as it does not make any sense (as you know, investors make decisions mainly on company fundamentals & potentials, risk-return evaluation, strategic technicals, etc.)
So, there are NO any "long-sitting" speculators that could make profit under 2.555. The only speculative "shorters" could try pushing lower, imposing 'fake sub/downtrend' (not caused by fundamentals), just expecting some profit....(though, at certain risk), if "supported" by 'losses takers' & 'trend followers'.
Actually to move under 2.555 some parties must take 'real losses'.
So, do not take any losses voluntarily if you don't want to pay for the "shorters" profit.
Remember any 'paper losses' are NOT losses at all in case of 'fake downtrends' (read old posts for details). So far, take care of your 'stops' (actually it's better NOT to use 'stops' at 'fake downtrends'), as standard 'stops hunting' takes place currently --> several 'stops' were recently hit with good volume ~0.1-0.2 M.