Chart from last week. Pre open its looking like there is pressure downward, but clearly accumulation is happening in the tens of millions so, the MACD points up, weak signal (if you believe in signals which i do not).
My opinion is traders from late last week will get their last spank this morning as they sell into the buy line, and LtH will be waiting with wallets open for the dip. Accumulating like crazy until the traders get the strength to buy into the sell line again.
I’m looking at an early morning trade if we get another dip.
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$1.72 |
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Open | High | Low | Value | Volume |
$1.63 | $1.74 | $1.63 | $19.21M | 11.29M |
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---|---|---|
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3 | 5899 | 1.690 |
1 | 500 | 1.685 |
5 | 13606 | 1.680 |
2 | 57228 | 1.675 |
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1.735 | 13111 | 2 |
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