Monday, January 30, 2017 9:05:04 PM
1) Charted volume has been IN SUPPORT of HIGHER PRICES.
2) Any recent "sell-offs" have been met with LOWER VOLUME days.
3) Today's L2 shows a RIDICULOUSLY ABNORMAL amount of 10k trades.
NOTE: 46 trades
ONLY a handful of which were NOT 10k in volume
http://ih.advfn.com/stock-market/USOTC/hannover-house-inc-pc-HHSE/trades
That is NOT indicative of RETAIL & may be deemed evidence which STRONGLY SUGGESTS manipulation; perhaps with the INTENT (it may be argued) to manipulate the market. Why? Mostly because RETAIL is NOT making 10k trades, where buying &/or selling in 10k lots yield TRADING COSTS exceeding ~10% of the value of EACH execution.
What RETAILER, for example, is going to SPEND $7-$15 on a 10k-share trade with a Total VALUE of $84 - $95: It makes NO SENSE. Not to mention that the VAST MAJORITY of these 10k trades were executed at the offer (bid).
A substantive REVIEW of L2 & the recent CHARTED (buying or selling) VOLUME shows the TREND is largely UP & that shareholders are CURRENTLY HOLDING the stock; despite any rhetoric to the contrary!
4) Volume INCREASES have preceded PRICE SUPPORT & SP-INCREASES.
5) Whereas recent PRICE retraces have had lower on-average volumes.
6) In fact, the chart shows only 2 of the last 14 trading days where the volume has been in support (red) of the downside.
http://stockcharts.com/h-sc/ui
Specifically, Jan 23rd with ~240k of volume
& today, Jan 30th; another Monday, a week later, with ~550k.
While the VAST MAJORITY of the 46 trades today were 10k trades to the bid & are NOT representative of RETAIL who would incur unreasonable trading-costs. Remember retail will PAY $7-$15 for EACH Buy & Sell. That's too big a chunk of their capital to consider it as LOGICAL & REFLECTIVE of RETAIL. Therefore, I'd have to AGREE with the assessment that RETAIL is HOLDING the stock. At least the chart suggests that this is CURRENTLY the case.
http://stockcharts.com/h-sc/ui
GL to those holding the stock...
Still doing my DD here!
$HHSE
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