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Alias Born | 11/07/2005 |
Friday, April 21, 2017 2:27:33 PM
Seems like some buy orders at ask get channeled to bid to help cover CDEL short position. This is classic short signal as MM work together and help channel order executions, but this is becoming harder and harder as retail has taken what is here under .02 pretty much out.
Tip: as pennywise has shown if you jump CDEL on bid he is forced to move up cause to channel any buys as sells into his bid to cover short he has to be the best/highest bid....so place order like .0001 above his bid and watch him squeeze!
The key is accum/dist indicator has been rising since early March indicating no dilution, but rather float being taken in by retail buyers, which sets stock up for run.
If we could close at or above .0194 at close that would be crazy bullish, but we bounced off 20 day trendline so BOUNCE is now in play here.
Game release coming in week or so, and Im positive in month we'll look back at this under .02 and be like "wow what a great opportunity that was".
Have a great low float, or killer chart to share with our group of traders?
Post it up on my new board!
Sweet Crude's - Low Float and Chart Plays (please join)
http://investorshub.advfn.com/boards/board.aspx?board_id=21852
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