With respect, I would argue excactly the opposite to be the case.
Provided several investors intend to accumulate aggressively, as it appeared yesterday. They would create a pause to gather selling momentum, accelerated by small sell orders going through, as seen today, meanwhile keep buying MD light.
Once selling pressure has reached appropriate levels, the buying can resume.
Traders would sell out now which is not occuring, further supporting my notion that this push is not created by day traders.
We are also at about 67% retrace level on light volume of the run yesterday, which is a bullish sign in itself.
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.28M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $20.10K | 957.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 2377513 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 1455111 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 2377513 | 0.020 |
8 | 2055131 | 0.019 |
6 | 2228502 | 0.018 |
5 | 1724748 | 0.017 |
1 | 420000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 303238 | 2 |
0.022 | 313168 | 4 |
0.023 | 540459 | 7 |
0.024 | 141966 | 2 |
0.025 | 439646 | 6 |
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