HLN is the 325p volume spike a sign of institutional absorption?Haleon PLCLSE_DLY:HLNStockso_SimpleGot a very long and drawn-out trading range here that poses another potential reversal opportunity. This popped up on my evening screener on Thursday. The price gapped up in the morning and kept climbing to close up 2.7% on the day. After a long trend down, that immediately catches the eye. When you look at image you can see that move happened right in line with a previous historic support level around 325p. Throw in the solid volume spike that came with it, and it really adds to the notion that the institutions are finding value at this floor. Classic Wyckoff accumulation behavior. Friday made another nice move up, but the volume dropped off a bit. Effort didn’t quite match the result there, so it is one to watch. Putting the fundamentals to one side, a trip back to the top of the range could easily take three to four months. That said, the reward still looks decent for that kind of timeframe. The 325p floor is our obvious line in the sand. Price target: 410p Potential reward: 21%