FOXT institutional absorption inside Friday's wick?Foxtons Group PlcLSE_DLY:FOXTStockso_SimpleI know I have been openly bearish on the housebuilding sector recently, but it is worth making a distinction here. Estate agents like Foxtons are actually far more resilient than the pure housebuilders because they are underpinned by sticky rental revenue that keeps ticking along regardless of what the sales market is doing. Sellers tried to push this lower on Friday and ran straight into a wall of buying support. Volume rose strongly as that happened, and looking at the detail the greatest concentration of volume was transacted within the wick of that candle, as shown by the white horizontal line on the volume profile. That is a clear sign buyers were absorbing every sell order being thrown at them below the day’s close. A push through 47.5p would be the trigger for me, with the next meaningful resistance sitting around 52p from here. Price target: 52p Potential reward: 17%