Yeah the sellers are being soaked well, whether they're traders or baggies from the first spike who knows, just a matter of time. Whether this is a tradeable rally in the markets or the start of a new bull leg is uncertain(it always is in corrections) but EIQ imo is likely to breakout and if there is any further selling in markets, EIQ will just pullback on top of this base. See CU6 from it's initial breakout above 90c in August 2023, that happened during a bear rally in a market correction, when the market broke down again and put in a third leg down, CU6 pulled back to the top of that IPO base. Same things repeat over and over in the markets, Minervini explains similar in that youtube i posted above
EIQ Price at posting:
32.0¢ Sentiment: None Disclosure: Held
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(20min delay)