Observing the LT Weis Volume is pretty interesting, as you can see huge accumulation occurring during the uptrend and the slow distribution that is currently being felt. You can see the hive of trader activity in the yellow box, as well as large holders, who are either distributing or accumulating in modest amounts. Overall it seems like a majority of the volume is still being held but those in the 4-12c entry range will be tested and that is what shareholders might be feeling now.
The current movement: The MMAR is looking very bearish but only needs a strong breakout with continual support to be converted - requires far more buyers (perhaps after the ATO finishes its pillaging). The stock has broken through its support zone so it has now become a resistance, which it will have to work through. A squeeze is occurring while supply is being dried up so hopefully, the release will occur during a demand spike.
RSI is oversold, which supports a positive release and we are trending down a tightening bullish descending wedge so a BO is probabilistically more likely. GLTASASH
SAS Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held