The number of shares traded, relative to the size of the float, and any price fluctuations, can say a lot.
To me, the number of shares in VATE that have been accumulated in the .06’s, is a healthy amount and I have to assume those shares will be held for respectable gains (relative to expectations for gains in the OTC).
In addition to the shares being collected in the .06’s, one can assume that those shares are being added to existing core positions from lower levels that are possibly free riding and or on lock down.
Viewing the VATE chart, the A/D line (Accumulation/Distribution) has trended higher, which means investors are buying more than selling.
So, combining the above with the knowledge that the float is only 64M shares, and calculating the volume over the last several weeks, I believe there are a good amount of shares being held, limiting the supply of shares available, which will ultimately allow the price to move higher with just a little bit of sustained buying pressure.
This is not an exact science however, and no one can control what others decide to do and what life events and individual goals impact their decisions when to buy and sell.
Generally speaking though, all of what I’ve outlined above leans toward the bullish side.
Go VATE
Rec
AI
