I don’t usually look for candlestick indications in short term trading activity but it’s too good to ignore here. A close above 55c will mark 6 trading days with ‘step-ladder’ momentum. Green, Red pattern increasing at a decreasing rate. Standard accumulation approach when a tree-shake is occurring. Relatively similar to activity in March-2023 when we gapped from $1 to $1.6. Slightly resembling December activity in a similar gap from 60c to mid 80s. We’ll know what day news drops or large buyers decide they want to open up the throttle as it’ll be a 15-30% increase.
The volumes we are seeing are also indicative of a gap up. Price increases seeing large volumes, decreases showing significantly smaller volume days, evidence that it is a buyers market. Every possibility we see tomorrow continue this trend with a substantial buying day, news dropping or both. It’s a trend until it breaks it, but the chances of flipping a coin 6 times in a row and predicting the correct outcome is 1 in 64. Proving that the chances of this trading pattern being random are 63-1.
Tomorrow will be tell tale, if my prediction is correct, large volume, another 5-10% increase above closing price today (~60c). Then we are set to gap into the expected 80c range.
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Last
56.0¢ |
Change
0.065(13.1%) |
Mkt cap ! $96.28M |
Open | High | Low | Value | Volume |
50.0¢ | 58.0¢ | 50.0¢ | $363.5K | 677.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 30245 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
56.0¢ | 25395 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 30245 | 0.500 |
2 | 10731 | 0.485 |
2 | 5700 | 0.480 |
2 | 24005 | 0.465 |
1 | 33000 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.560 | 25395 | 4 |
0.570 | 10000 | 1 |
0.580 | 1133 | 1 |
0.595 | 2141 | 1 |
0.600 | 10000 | 1 |
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