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Day Trader’s Aftermarket Lounge 1 Apt 2020, page-23

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Veritas2000

12,555 Posts.

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01/04/20

17:12

Post #: 43824228
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Originally posted by Lambrae: ↑

Yes . I never sold any .I bought more today . 1ST . The other day with the huge spike that pulled back , it was overbought temporarily due to distribution . I would say the market maker wanted the share price back in his accumulation range (Maybe below 3c). Best way to do that is attract new buyers , and then plunge it - hey presto - we have a large supply of shares that no-one wants anymore, and cheap. There was huge volume on the pullback, with little range on the first pullback bar. Today we have a low volume doji . Gap has closed . The 5 day chart looks good to me, for a rise . Let's see how we go .

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Wishing you well in this endeavour and I enjoy your posts.

Cheers

V

(about to open a very nice bottle of red so farewell from me....)
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