1D. ADX still in a very strong trend (57.8) however, there is growing strength with the bearish directional movement. Wave trend still showing the stock to be at overbought levels. RSI showing bearishness, with a downward release just occurring. MACD seemingly wanting to convert into a negative state. The Chaikin is still negative but neither drastically dropping nor rising. Volume flow showing a supply release at these levels.
Two anchored VWAP: The first starting at the bullish trend is at 11c, with the second at 14c. As stated prior I believe optimal entry at 14-14.5c or below. MMAR still in a bullish state. Will wait till RSI and MACD start their bounce with volume to support the rise.Support levels at 15c-14.5c, an curious to see if they'll hold true. With a run of 1000% I'm sure some of the millionaires this stock have minted would rather the cash (large supply releases at 17c-> 15.5c), with potential future millionaires absorbing a large quantum of shares through the current drop although yet to be seen if they can stunt the seller supply release. As always this is my own speculation, please DYOR
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