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gbgirl

5,334 Posts.

1555

14/09/20

17:47

Post #: 47330912
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Originally posted by baifonzai ↑

Somewhat peculiar price slam today, but it's on small volumes ~4m shares. It also looks like it has already happened before in the first jump in mid July, although with smaller volumes this time.

These are potential signatures of traders doing a shakeout with relatively little volume and scare off anxious holders to sell so they can pick up the pieces at cheaper prices for one more run before the next news. The longer this next piece of news takes to come out the more these guys can flush out from anxious holders.

I normally see this in higher cap markets (>$50m). Strange to already see this in a sub-$20m trading field.

The low volume suggests it's not a concern as it's not a change in sentiment direction but rather an action from one or a few individuals.

A concern that there is no meaningful buyer support levels until we go lower to 3c (buy/sell table below), so whoever is doing this today might have more fun tomorrow and slam it down further, and flush more people out.

Hold tight.

No Major Support until $0.03

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patiently waiting........... come to mama and papa!
wanting to buy 10 million shares!!!

SVD Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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