Mirage Energy Corp (MRGE)

[Worthwalk]

My statement has nothing to do with Tony. I’m staying the obvious. There was a lot of buying in upper 20s from new and likely existing shareholders but lots of new. It stands to reason that the longer it lingers BELOW the price that those buyers bought it at the more likely they are to sell some and selling begets selling. There are psychological retracement levels that the average human bails on which is exactly how trading algorithms work. They look at the trade blotter and where the bulk of buys were at they use tried and true retracement techniques that generally cause some percentage of selling. Fibonacci retracement based on Fibonacci numbers are levels at which people bail. These are numbers that occur in nature and oddly even the human mind works along these numbers.