Mullen Automotive Inc (MULN)

[Four by Two]

Free Bird, I agree price usually follows volume either up or down. When I plotted On Balance Volume for MULN since November when they started trading on Nasdaq the results were dramatic!!!

On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator, adding volume on up days and subtracting it on down days. OBV rises when volume on up days outpaces volume on down days. OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices.

OBV started turning dramatically negative around February 7th @ pps 2.54 and didn’t turn positive until February 22nd at an opening price of .64 with a corresponding doubling of volume from the prior day.

IMHO next week should be the start of a dramatic turnaround which will take it to 2.54 or beyond over the next month. I started buying about a week ago and have my average price down to .68 so I am slightly green now but hoping for a big payout by year’s end :)

GLTY


https://stockcharts.com/c-sc/sc?s=MULN&p=D&yr=0&mn=3&dy=0&i=t0295385837c&r=1645901113580