Thursday, March 23, 2017 5:01:49 PM
We know from the second chart that shares were purchased between $4.20 and $5.80. I suspect very few were purchased under $4.65. They could not complete the buy without raising the price substantially. Any other Institutions that want size will need to pay >$5.80, IMO. This is why we have been in an upward trending consolidation pattern.
For this reason I believe any trading below $5.80 was mostly smoke and mirrors and we will find a base there now.
In Peace, In War
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