$TE is actually respecting that resistance level. Sure, you'll see plenty of folks in the comments saying "grab the dip, anything below $7 is a steal." But it's not quite that straightforward. Back on Monday, I flagged that it closed right at resistance. Then Tuesday rolled around and it broke above it hard. The thing is, whether this dip is really a gift depends on where the price settles next. Resistance levels matter, and $TE seems to be paying attention to them. The current setup suggests traders should be watching carefully rather than just buying every dip below $7 without thinking about the technical picture.