Not just the total relation (total buyers and sellers) is becoming day after day strongly more positive(and this have no link with shortselling). But more than that...
Accept that the initial 5 cents (meaning 4.58 4.57 4.56 4.55 4.54
are really serious buyers.. they place this volume and they are `100% happy to pay this price
in the other side assume the inital 5 cents also
4.59 4.60 4.61 4.62 4.63
are really serious sellers.. They placed prices very close than the end and they really run a risk to see their shre been sold.
Well... Now make a simple exercise
Add the volume os SERIOUS BUYERS x SERIOUS SELLER
Today we closed with
148,000 shares people happy to BUY 70,000 shares people happy to SELL
Do I need say something else ?
You can deny the theory but can't deny the facts..
We are becoming consistently a buyers moment (and can't be a surprise after so smashed share... slowly the racional will privail and come backkk normal prices and plenty people crying..why I didnt buy at 4.58 ?
Just My view
Cato
KAR Price at posting:
$4.58 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)