springtree move, page-22

yes it's this week's Tuesday to Thursday price action which will 'confirm' Spingtree's move.
Today could be seen as sellers 'drawing' buyers to pay over 52.5 cents.
Buyers today were unwilling to buy significant numbers at 55 cents even though there was nearly 100k available.
Yes their was botting in both the Bid and Ask and only a very low retail parcels of 10,000 shares let alone $10,000 bought.Buyers weren't Keen,they await lower prices or further General Market reassurance.

As to whether 52.5 cents will hold? well it better or otherwise some stop losses will be activated from recent buyers.Standard Stop Loss theory states activate on a Lower Low and that point is 52.5 not 40 cents from last month.
Happily there hasn't been much volume overall at 55 cents and above so there shouldn't be many pilgrims using stop losses as a proposition.
However those that are will contribute to any Selling Pressure working the Springtree VWAP ie Springer won't have to be the only one selling to drive the price down.

as well new buyers will hold off because of any lower low.

Of course El Capo's top up may be so significant that single handedly he stops d'rot mid 40's.Another thing to observe this week? : >