Cheers for that PizzaComposer!
My initial thought was the squeeze has similarities to tightening of the boli bands as you mentioned later in uour post. Need to read up on the Keltner channel. Not sure about the line meanings though.
You are right that one could argue either bull or bear from here. I am in the bulls camp although very biased as I hold. The squeeze generally preceded an increase in sp and as the sp held firm above support on reduced vol we could have a green day friday. Also the churn of share saw us through the register plus some in a 5 day period at a VWAP of 0.0184. So am also excited to see if this is our new floor. We had an increase on our NTA of 15 % for the month which hopefully will equate to some positive news in the upcoming future. Minus any bad news sp should continue to stabilise and show some revovery and some green with good news.
Thanks for sharing your charts and the explanation much appreciated.
These are just my views and AIMO DYOR.
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Cheers for that PizzaComposer! My initial thought was the...
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