Yes, you are correct. Now today was noteseller’s MM algo playground. It saw little selling, so a 100k bid was used on push price to resistance, hit 50day, then selling all the way back down to support at start. Fairly common trick, see it all the time, even premarket gap ups on nasdaq, which is why you have to be careful trading those, it’s hard to tell if it will continue or something similar to today here happens, then they announce placement after.