Hi guys,
From a TA view ( IMO) and for what its worth it looks to me like Sp is being brought down for some accummulation, there is however no doubt that there is some Supply around, ( i cant tell if the supply is from above , old holders from years ago, or from below , profit takers from the recent lows.).
The large sells sitting at 3, 3.1, look to me like they may be trying to shakeout the weak holders, (this is speculation, but I do note they aren't bringing the offer down to where they can get hit,), by manipulating the market depth.
To be honest and of course IMO , it looks like we might be seeing a bit of a spring set up here, ( Wyckoff/VSA theories) DYOR, ie testing a previous breakout area before the next leg up after drawing out / testing the supply available.
Just some of my thoughts and not advice but a quick general TA view from Me. but certainly interesting times...with the potential to pick up some cheap shares...
GLTAH
Expand
