There is some serious relative volume going through MLM, Monday 6/6 was the highest ever volume day by nearly 100% and yesterday was the second highest ever volume day. Here is the daily chart going back to 2005.![]()
Here is the weekly, the volume increase is clearer.
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(zoomed in daily)
When you zoom in, you can see a pickup in volume on the 4/4 interestingly enough at all time lows (a good sign if it holds). I use a 50ma on volume to gauge av volume/per day. Average volume (per day) on MLM generally ranges between 100-200k.
Average volume since the 4/4 is just under 800k/day. A four fold increase around lows. Fwiw, thinking between the lines and connecting the dots, there is obviously a considerable change of hands here, hopefully to strong hands, and I believe once the last remaining stale placement/ long term holders are out this is poised for a sustained move to realise it's true asset value.
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