It wasn't pump and dumps through that base though, it was...

  1. 25,192 Posts.
    lightbulb Created with Sketch. 1586
    It wasn't pump and dumps through that base though, it was normal, constructive(accumulation) basing behaviour. It's important to know when something changes though and this looks and feels much different now, controlled selling rather than panic shakeouts, selling from the moving averages rather than being supported by them etc etc

    upload_2025-5-30_14-8-52.png

    Up until where my yellow lines end we had every reason to believe this was about to put on a real show for the bulls but it's all gone pear shaped after the company mismanaged a major news event. the next rally will be super important for analysing whether there's still accumulation or if it's really turned to distribution

    p.s if you don't know much about charting, put that chart into chatgpt and ask about it's vcp nature
    Last edited by Hingdog: 30/05/25
 
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