On the daily, today's candle stopped even with the 9 day moving average, coming from the bottom. Tomorrow and Friday are critical for this stock as it'll either cross above and build momentum or bounce down since the 9MA is resistance now.
A sustained run from here would confirm a double bottom and a longer term reversal. There was a huge volume uptick from .69 on what I'm still considering the dead cat bounce. IMO a sustained run would require new investment money and people willing to hold, which seems improbable given the dilution signals and lack of news catalyst.
Instead, indications are it'll bounce down because of the anomaly in Accumulation/Distribution which shows -2.61M at the low of .69 compared to -7.41M today at .95, this implies extreme shorting or dilution as many more shares have been let go while price has remained flat. (Supply and demand; supply greatly exceeds demand.)
GLTA
https://www.investopedia.com/terms/d/doublebottom.asp
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM