Friday, April 30, 2021 4:53:28 PM
Today's test was whether NITE was hiding shares at .0795 (he was showing 10k shares, so they tapped it for 400). He wasn't (if he had been, the 400 shares would've filled and the ask would've remained unchanged and continued to display .0795), so because the minimum bid/ask to display is 10k, and NITE's offer was now decreased from 10k to 9600, it no longer showed.
After a day of battling and defeating shorter CFGN, retails then tested NITE. Both MMs were effectively defeated, setting up next week. The actual, functional closing bid/ask was .0655/.0795, and .09 only showed because the amount of shares available at .0795 was less than 10k due to the 400 share print. This was a signal that the float is locked and MMs are not shorting anymore because they know they're being squeezed. The closing pps of .0795 put us over all moving averages and also prevented a bearish cross of the 15dma across the 50dma- nothing more was necessary to set up next week.
With all moving averages now acting as support, us likely coming current on Monday, the float locked, daily/weekly RSI reset, a 3 soldiers formation on the monthly, morning star on the weekly, morning star on the daily, MMs squeezed and not shorting, and with zero retail selling...today sent every confirmation signal that next week $SITS is going to go absolutely bananas.
-$
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM