According to the illustrator GREG.N000, During the period shown, note how each time prices fell to the 55.10 level, the bulls (i.e., the buyers) took control and prevented prices from falling further. That means that at the price of 55.10, buyers felt that investing in GREG.N0000 was worthwhile (and sellers were not willing to sell for less than 55.10). This type of price action is
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