It's all psychological. Buying promotes buying. Likewise, selling promotes selling. The more buying pressure, the more they want it. Plus, good to have a higher price prior to privatization, just in case a tender is offered. If still trying to accumulate, feel bad for you, but good luck. Moreover, since no market makers, as well as, brokers holding stock down, I question your theory in the greys. I do believe charting works in a liquid stock, ETF or index (at times) as too many technical traders practice it. I use: https://stockcharts.com/ Once again, GL pct, Scruffer