For today: PP=3.493
Resistance: R1=3.52
Support: S1=3.438; S2=3.41; S3=3.346
The st-tech retreat started as promised (read old posts). As the r-zone ~3.58-3.61 was not broken within critical time, the stock had to retreat.
Actually the 'green cloud' (on daily scale) has shown full exhaustion of upwards power (daily scale) on Jun 3, and a slowly rising "red cloud" --> rising prob for a dive, at least, till the LVE (read old posts), just in case of average liquidity. Though, a very low volume allowed for a much lower dip...
So, just standard st-tech play on a very low volume (take a look at old posts for details).
Using deterioration of general market sentiment since May 31, confirmed twice on Jun 3 & 8, the st/d-shorters (5/3-L/H micro-cycles + extended cycle) are playing on just cum. ~2 M down, extended closing at d-flat, then next cycles. Accompanied by 'scalpers' (< 2 ct) and small 'stops hunting'.
Actually the stock is preparing for the high-yield div (read last months posts).
The nearest s-zone is ~3.40-3.38, and a 'strong s-zone' starts at ~3.35.
Take care