On Christmas Eve, approximately 1.7 million shares were listed at 5.9 cents and 1.1 million shares at 6 cents, forming a significant sell wall. However, within just 4 hours, these substantial volumes were quickly absorbed by eager buyers.
What’s even more noteworthy is the presence of a buyer with an order to purchase $245,000 worth of shares at 4.9 cents. It’s highly unlikely this order will be filled, given the current market dynamics. Sellers appear increasingly unwilling to part with shares for less than 10 cents, signalling strong confidence in the share’s potential.
As the market reopens, I anticipate at least a 25% increase, driven by constrained supply and growing demand. The momentum is undeniably extremely bullish, and this could be the beginning of a significant breakout.
Beautiful AHF technical breakout at 5.3c., page-31
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