Volume is fading..Not good sign
The bounce is on weak volume. The sell off is on high volume
This stock is lacking volume now
Will be interesting to see what happens next week on PR
I just hope they don't dump again on PR
The bounce of 50 MDA is very weak bounce on 1/3 volume
What happened to buyers ?
all gone ?
Without robust volume gains will not hold that long
The volume is fading here and that is not good sign
Are MM creating fake bounce before sell off ?
Like they did last time ?
Next week is the key
gains must hold and stock move up slowly
or it will retest 0.14 again
0.1 looks unlikely for now
Next few days are important and 50 MDA must hold
I am still seeing big sell off of blocks..near close
Earlier there used to be buys near close. Now people are psyched and selling near close. That pattern has to change for sustained uptrend and volume needs to get back to 3-4 million
volume is gone missing now
even 1 million volume is becoming harder to achieve
Without big buyers it's gonna be hard to take this up as volume is fading and still many are dumping near close
The level 2 I see big RED blocks near close
DO NOT blame it on Holiday
last 3 days bounce is on weak volume than dump volume
don't deny the facts
My gut felling says this is technical bounce and will not last
Next week is the key !
if there is sell off on PR next week - This is what the stock does all the time because after PR people dump and take gains seeing there are less buyers !
This stock is now caught in vicious circle of more sellers and less buyers. MM create these bounces on low volume and then do big dumps
This was not the pattern on 0.22 rally !
It was different when the rally to 0.23, there were buyers near close -
Now you have dumpers near close
The dynamics of this stock has changed in past 20 days upside down
The technical bounce from 0.14 was weak volume bounce
Historically strong stock where bounce holds have higher volume bounce. Capitulation of sell off. I did not see that on bounce from 0.14.. The reversal is weak, not the one that shows signs of holding.
Until huge volume returns here I would be careful buying at these levels with sellers lurking near close everyday
This is my technical view based on last few days of trading, few may agree, others may not
I hope the bounce lasts next week and volume returns on OR. I think for that the stock MUST RALLY on PR days and lose near the top, buyers will return. This stock lately has developed tendency of sell off on PR days. Until that trend changes, I am not sure. Stock should rally on PR days and not sell off. If the PR creates rally and hold gains - The stock is all set to move higher in next few weeks
That's the key
PR days - stock must rally and close near the TOP
good luck
AI
