Sunday, June 16, 2019 5:32:36 PM
This is very close approximation and not precise
Since May 30, 2019, 575 million shares traded for $474,000. The average weighted pps during this period is 0.00084. Based on the trading pattern, there were many 0.0006, 0.0007 and 0.0008 sold and dried up in progression. Short traders bought 6 and sold at 7. They also bought at 7 and sold at 8 to depress the stock. However, the bulls managed to absorb their selling moving the stock upward.
The highest share volume and money flow were concentrated at 0.0009 and 0.0010, as shown in the Table below. On Friday, we had short traders selling at 0.0009, but they could not bring the stock down because bulls were absorbing them. On Friday, 27 million shares were sold at 9 and about 15 million shares were bought at 10. As you can see from the Table below, the bulls managed to overcome the bears bringing the stock up to a solid 0.0009.
With Q2 release on Friday after market and with the upcoming shareholder update and Zero dilution, the technical analysis made it impossible for the stock pps not to crush the 50-day moving average of 0.001 and go much much higher. The 200-day moving average is at 0.0017. If we crush that price, the bulls will be in full control of the stock. That has not happened in quite sometimes.
chart]investorshub.advfn.com/uimage/uploads/2019/6/16/utdff6-16-2019_10-01-35_AM.jpg[/chart]
Dewmboom is Happy and Very Bullish on $ONCI....Good Luck to All
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