I suggest what we have are serious contenders moving in after long sitting on their hands...but we also have the hoards of the unwashed selling out for missing the point entirely here.
I suspect this is by design mind you.
On the back of all this we have the same players who have been working this stock from pillar to post over recent months, no doubt hitting the sell-side hard with their own stock and indeed short stock either borrowed, via CFDm ir indeed illegally.
When it shows sign of holding, they throw more at it...and more...and more...until the buying fails to hold it up and they can run it down to completed the cycle with a re-entry.
However if...and I say IF...they cannot manage to knock it down as they expect, or worse, get caught in another trading halt, then suddenly all their efforts come undone and the buyers gain the upper hand in that the shorters are no forced to buy their stock back to limit losses.
If they have sold too much stock, they could well get a very bloody nose.
Fingers crossed for a lock-out knock-out!
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held