Jun. 13 at 1:58 PM
$SLI
Still in consolidation. Price holding above the 200 EMA, but last week’s dragonfly doji below the 50 EMA shows buyers defending dips without strong follow-through into resistance.
Strong supply zone on volume profile + descending resistance continues to cap upside.
Bulls are accumulating and defending support, bears still active overhead. Until a clean break above resistance and supply, this remains a range-bound structure.