I agree many retail punters could get hurt here...they usually do on the hype of any stock.
Thing is for a trader what I’m interested in is what is the next move from here? Your broker data is from 8th - 16th June, of course it was smart people selling into the massively overbought condition...common sense really - but you have large take up of high profile cap raise at $2.40 which has not been pumped yet, there would be many instos on there and they will want more than 10% stag profits...
What is going to happen next? The chart is finely balanced and looks to be trying to find a base for next leg up to me.
This week should provide clarity.
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