The bots came late to the party but they’re very hungry.
3.8m volume traded so far since 7 November at a vwap of $3.50’ish. Let’s say half of that went to strong hands and the rest to ST’s and traders, hence net 1.9m went to the Longs.
There are 2.5m shares outside the top 22. Assuming shares sold by any of the top 22 went to a new top 22, that means there’s only 600k left being played in D2D trading.
I reckon the register is now super tight at this time. It’s primed for the next assault. Target $8
I foresee how little volume will be on sale at $8. It feels like it’s harder to lift from $5 to $8 than $8 to $20 considering the news will be many and in quick succession. How else would they announce all the developments, trials, partners, plant construction etc etc?
Blue skies ahead
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