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Some would call that low volume consolidation after a 60% move
Funny how a stock can be up near 60% on a week and be considered stuck and not moving
Certainly trying their best to keep the .017 break
Break .017 then test .02, need that 400k bid to move on up
Come on Karen, ask to speak to that manager, get those panties in a bunch because you suck at trading
Total volume over that period 3.7M, short volume 1.45M or 39%.
Odd thing is 1M of the short volume was Jul 12th the 56% short date with 1.8M in total volume, the day of the fantom 1M fill on the bid after the pop to .019 then the market type sell down and a large fill low .01s.
But the trading has been very odd here for 2-3 months, started with fake ask walls holding the price down and market type sells taking out all bids and loading low prices, culminating with that weird 6M fill out of no where. Then continued small paints, undercuts of the ask, 5 & 6 decimal fills, double prints all while little to no short volume.
Still all leads me to believe there is much more going on and someone(s) with large pockets have been trying to load as much of the float as possible and have used institutional MM's to do so and might explain JANE and at times INTL presence
Hey some action but odd to see multiple 12.5k blocks
We will see, has been next to no shorting here for near 2 months
Odd in that people try to hit the ask and fill at .0169
Then why have the block on the ask at all? No hurry to sell but make sure you have the top ask showing? But care about $15 today that you didn't care about yesterday?
Just more evidence of the odd trading, just as the close of the day was again yesterday. Blocks hit the ask, then at the same time fills below the ask when there were zero all day followed by 2 more ask slaps.
All of which happened because one retail trader tried slapping the ask as the end of the day, so again no action all day until a retail shareholder tried to slap the ask
Could be, I mean for whatever reason we have seen people try to hit the ask get filled lower. But it is odd that they would have the block yesterday at .0168 but now don't want to hit the bid at .0168? I mean it is like $15 difference in price.
Or from hitting the bid, but the 43k order is someone who put in a premarket order and is not around today, my guess they may do so later if they are back at the computer and it hasn't filled
45min and no takers at .0168 bid after there was a decent chunk still sitting on the ask at .0168 into the close yesterday, that block seems to be the one now at .017 and not willing to sell 2 ticks lower even when that is what they were offering yesterday
You must also notice that both of those were prearranged trades that didn't show on the ask or bid and got filled
I said around .01 and plenty of shares have gone off right around .01
You could have bought shares around .01 and already sold for a small profit and been gone
Just imagine MVNT getting 4 days in a row of $2M in volume, current market cap is $5M, that would be 40M in daily volume at .05, 20M at .10 and 100M volume at .02
It took 2 days of 25M shares to move .02 to .12, imagine a week more of that type of buying
All good though, more money in the OTC is good for everyone, those profits will move on to other plays, MVNT's turn will come
Lol, I know, that is what I was referring, massive front loading
Got to love when a company with zero revenues, zero assets and a float of 15B runs 10x in the matter of a week to a market cap of $30M
Trying to time the OTC is a crapshoot, except to say that there are good times to buy and good times to sale based on the here and now. You could be right or this could run back over .10 next week, such is the nature of the OTC.
Lol, sounds like someone wants shares or something
Morality? What the hell does that have to do with anything involving the OTC? Nothing immoral has happened here, in fact this has been one of the most moral and decent stocks on the OTC when compared to most who dilute like crazy then split shareholders away.
People here have had numerous opportunities to make massive returns and reload and do it all over again, that is the name of the game.
I'd say if you wanted decency and morality go buy some T-Bills, but there is nothing decent nor moral about the debt issuance of the US Government
On top of what continually seems like institutional loading perhaps via JANE, based on the general OTC chatter I get the sense we have others trying to load cheap here as well. Seems to be renewed confidence in the OTC especially, tight float, no dilution bottom reversal plays of which MVNT fits the bill and seeing some new faces pop up
Guess some like to make money, others like to complain. The only think that matters here and everywhere on the OTC is the potential to make a boat load of money with the smallest risk possible.
That is all, and still this has massive potential with very low relative downside risk. I don't care about management, I don't care about the company, I care about making money and will cash in big on this stock again.
So whose team sucks? The money making team?
Ah you know, just like the typical Karen asking to speak with the manager. We all know the type
Perhaps they already know who owns a large chunk of the float and do not care if small pocket penny flippers get out, perhaps that is what they want.
You act like the price going down will matter at all when things start to get released and the company wants the price to go up, this is the OTC where a CEO who has had 10 scam companies prior can start up another and people will buy up the stock like crazy. Short memory on the OTC, people don't care about what has happened and only care about what can happen. Thus far no dilution, no splits, no scammy behavior and a tight tight float which is what people are looking for right now.
And people would much prefer to buy cheap before a run starts then much higher after a stock already has run. So boo hoo, load up those cheap shares and make some money like we all did the last run up
Lol, good thing they don't care what you think. Company will do what it wants to do when it wants to do it
JANE kept following the bid up, makes me wonder if they are tag along buying, so they will move up and match the best bid and when retail slaps the ask we see double prints where Jane is buying along as well.
Reminds me of the slow and steady run from .01 to .04 that would have a spike day on higher volume (though still low volume overall) then a couple days of really low volume before spiking up again.
Surprised no taps at .0151 yet
Overall both daily and weekly charts showing reversal in progress.
Daily chart is setting of a bull flag with multiple bullish reversal candles in a row sitting on top of 50sma/20sma support with MACD Cross.
Weekly chart with nice uptick in accumulation with MACD cross in progress for the first time since the previous pops to ,08 then .06
Monthly showing triple bottom bounce off the 100sma
Only know what they have said
"approximately $400K monthly average run rate in the first half of 2019"
https://www.otcmarkets.com/stock/MVNT/news/Visual-Healthcare-Corp-OTC-VSHC-Announces-Acquisition-of-Velocity-Manufacturing-Corporation?id=235871
"The new division has a $4 million revenue target for 2020"
" it invested over $350,000 in new Computer Numerical Control (“CNC”) machines and used fabrication machines during the last week of 2019. The CNC machines were purchased through Velocity Manufacturing to increase its production capacity to meet anticipated future demand based on its 2019 growth rate and existing sales pipeline."
"Most of the Company’s growth to date has occurred in off-balance-sheet entities. Financial results for these entities will be included in future disclosure statements once the Company has completed the transition to its new ERP system and made appropriate adjustments to its financial results for GAAP compliance."
The only way they have shares to dump is if they bought them in the open market, which means they would be most likely selling at a loss. And 1M shares is not heavy dumping? And you do know that most of those 1M shares were MM shorting as only 800k shares that day in total were retail shares.
Huh? What massive sell off? Volume although higher is still low. Chart is turning bullish with back to back bullish reversal candles and two closes about the 50sma.
Almost like you are making stuff up that has no correlation to what is actually happening here
How thinly this trades and the potential of who holds a large portion of the float meaning it may be held long term regardless of price action is what could make this run really far.
If strong volume comes in and stays hogg for an extended period of time, MMs might have no choice but to spike it far. That is when fair value becomes meaningless and how OTC stock with zero revenue runs to a billion dollar market cap.
If this were to get 30M or higher in average daily volume for a 2 week period then this could run to .50+ and a $1 not out of the question.
Nice bid support all day at .015 not selling. Could see a dip to 20sma and bounce which would create a flag on the daily. Overall whoever is has been messing with the action seems to be doing so again but in a bullish direction to create a very nice chart setup.
So dip and bounce off 20sma, keep closing above the 50sma and let's get over .0229 next week and game on
Not sure we see anything, but the close today will be interesting, if we see a rush on the ask at the end of the day, I'd believe something comes next week, close above .023 would be extremely bullish though holding current levels bullish enough. Could see a retrace, test and bounce off the 20sma before moving again.
But overall chart is setting up nicely, thus far prior resistance is trying to hold as support
Again first close above the 50sma since March 3rd, that alone is significant and a definite change in the trading pattern
The red line below is the 50sma, look at how many tests it has had and failed to break or close above the 50sma, then it was the 20sma (yellow line) which was consistent lower resistance.
First close above the 50sma since March 3rd, ASCM joined the box which is weird since volume has been low still albeit higher than it has been and overall shorting is still low.
This thing must be locked tighter than we even think, maybe tomorrow being the 15th is putting some MM's in a bind, perhaps someone knows something is coming, but the trading this week is starting to show a massive reversal is ready to happen