Why Friday was an excellent indicator
The price isn’t the most important thing - there were several amazing indicators on Friday for BIOAQ
First, 2 1-million bids both filled within minutes (someone’s trying to get in big...)
Reached new peaks even through the desperate attempt of shorters to keep it down (40%+ volume naked shorted)
Float is incredibly low - people are locking in shares!
Traded mainly sideways which for a Friday, I’m more than happy with - idk about you guys but I have a blast accumulating more shares via flipping
All in all, retail traders probably panicked at the dips and no news on Friday and experienced traders moved in and grabbed the shares - people don’t realize that after a major event like settlement or financing it takes time for news to come out, unless you’ve been in this position before.
This is all just my opinion though through my experience and research. I could be spot on or completely wrong, take my opinion however you please.