closing activity heavier on the buy side = favorable short term conditions (but it had to bounce eventually so not holding my breathe but equally not bothered by the low share price. )
Significant volume since April continues, big change in shareholder registry and likely a closing out of short positions using the bottom 80% of shareholders shares
Bounce coming to $1.60's at least but hoping the volume absorption has put an end to the downward momentum. Certainly this volume absorption has to result in a change to the investor sentiment given those sellers have been absorbed, who ever is on the registry now is unlikely to be a seller. As many have allude the floor is either set or very close. on to the next peak!
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