BBOX rejection wick at 170p on heavy volume would warn of supply

Wait 5 sec.

BBOX rejection wick at 170p on heavy volume would warn of supplyTritax Big Box REIT PLCLSE_DLY:BBOXStockso_SimpleThis is one of several names flagged last week where price looked ready to rotate around a previous resistance level. Last Friday produced a clear rejection wick touching around 170p on a large amount of volume, before price fell back on the day, an early sign of possible distribution? Then today price has gapped up on relatively low volume, coinciding with news of a planning agreement on a data centre. Looking purely at the chart, this level did look primed for a rebound, and reading the news alongside it, this one could honestly go either way. Price has not made a new high today, so I would want to see volume pick up meaningfully before treating any breakout here as genuine.