Heres a simple chart for you to understand.
Over 3 billion shares traded above current price on that recent pump earlier on last year
Thats alot of people trapped in this one
Since then youve traded only 1.5 billion shares (not including the traders who bought low for a quick flip) and coincidentally youve rejected back at the low of the previous area where everyone is stuck above
MAY has a long way to go and needs to churn through a crap load before moving again. By that stage the company will probably need more cash or there project fails who knows. But the lower it goes and stays the more shares issued when cash is required and the more dilution to happen.
If you are genuinely interested in buying MAY I wouldnt touch this until it backtests that breakut at a minimum and goes sideways there for a bit.
All IMO do as you please
TA only, page-548
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