The reason why this feels and looks different is simple. Volume.
Previous spikes have been sharp and have been on low volume.
This is now going up slowly, and with high volume.
The demand is so far meeting and exceeding supply on high volume, meaning sellers at each price level have time to sell before the price goes up another notch.
When the price goes up too quickly, sellers get greedy and hold off. They have no time to think. Then when it looks like it’s run out of steam, they all rush to the exit and cause a collapse.
For a sustained rally we need the investor community to start looking at these contract wins and start believing that we will be profitable by Q4 this year... I’m sensing that people are joining the dots and stacking these contracts up and starting to believe.
FLC Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
