RE:RE:RBC attackBMO and CIBC were strong bidders looking for a fill in the high $3.30's, and someone at RBC accomodated, filling the large 30K bid at $3.37 and everything down to touch the $3.25. That created no followup selling and a vacuum on the sell-side, and after a suitable quiet period of about 2.5 mins with buyers and sellers waiting to see what happens, buyers returned to start picking off the small offers at $3.34 area.
Technically, all that the recent market hysteria managing to achieve w/r/t Valens is a re-test of the massive support area formed at the $2.85-3.00 area. As I have previously pointed out, that area was the old resistance area going back to 2016-19, finally overcome and retested in Feb-Mar 2019. This is the new base, and now we await a retest of next resistance in the $4.75 area.
It'll happen, and once breached we should see a nice run to the $7.50 area, a technical target, but also the low-end of the 7 analyst reports' targets.
Long and strong ;-)