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Re: allacann post# 11451

Friday, 03/16/2018 2:31:55 PM

Friday, March 16, 2018 2:31:55 PM

Post# of 82644
Thin Liquidity and lack of Demand (buyers) above a price level; Lack of Supply (sellers) below a price level. Today's news about Indiana passing CBD being OK, we got some buyers in the market. BUT, the MM's (Market Makers) accumulated all that volume and it is now "trapped" in the current 2 cent price range. Once we get solid Demand Volume above .42, then prices should squeeze higher. I bought another 10k shares today as because price broke out of that range for the last 2 weeks to the next price shift higher. Take your chart down to a 30 min and check the price range for 3-5 days. Today's price action was a classic "break out and return to the low of yesterday's low @ .41. Next week, if price can remain above .41, then we either stay in this new current range for a period. Or, shift higher.