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COR have respected key support around $282.50 - $285 zone with strong buying pressure pushing price back above the weekly trendline. Volume spike confirm renewed interest from buyers. Im watching for a potential breakout above $296 - 300.50 which could open the door for retest of the $308-$310 resistance zone.
Bullish scenario - hold above $288 and break $296 with volume next stop $300 - $304 possibly $308
Bearish scenario - failure to hold $288 retest 282.50 and possibly $275 support
Bias - leaning bullish if volume sustains and price holds above weekly trendline.
COR have respected key support around $282.50 - $285 zone with strong buying pressure pushing price back above the weekly trendline. Volume spike confirm renewed interest from buyers. Im watching for a potential breakout above $296 - 300.50 which could open the door for retest of the $308-$310 resistance zone.
Bullish scenario - hold above $288 and break $296 with volume next stop $300 - $304 possibly $308
Bearish scenario - failure to hold $288 retest 282.50 and possibly $275 support
Bias - leaning bullish if volume sustains and price holds above weekly trendline.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.