there is a bot working on it and it seems to be pushing it down.
whether this is to accumulate at lower prices or distribute at what it can get, i am not sure.
for bot, read broker, the bot is just the tool.
i would think that bot work it down = accumulate, bot work it up = distribute.
if anyone here has an opinion on this, do say.
61.8 pullback of move from 15c to 33.5c is 22c.
61.8 pullback of everything since czi acquisition announcement in april from 4.5c to 33.5c is about 15.5c.
if it goes under 22c then it is bad. if it goes under 15c then there is something seriously wrong in my opinion.
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