Branded Legacy Inc (BLEG)

[sleekscape]

The trading today was very instructive

CANT was camped at .041-.043 on the ask for the past 2 weeks or so

Instead of jumping back to .044 or .045 after .043 got taken out, they jumped back to .048-.049

And there was nobody selling btwn .044-.048, Level 2 was that clean

Which tells me that retail sold out at the bottom during the past few weeks, and there aren’t very many retail traders remaining who are interested in selling below .05

And once VATE broke .044-.045, it wasn’t just a pretty clean shot all the way to .05, it was a pretty clean shot all the way back to .055, with only CANT standing in the way at .048-.049

In addition, VNDM had been parked at .048 for awhile, and after they got taken out, VNDM moved all the way back to .055

Two separate confirmatory signals from different MMs on the same trading day point to the high probability that any remaining supply in the .04s is pretty tight

So it now appears that VATE is heading back to the .06-.07 range by the end of August


Sleek