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Tuesday, December 20, 2022 2:05:30 PM
Today's chart shows FLOAT IS LOCKED>>
As we can see, the daytraders hit this hard when the reverse merger NEWS hit, causing more than 100% of the float to trade in the first 2 trading days.. (over 2 million shares traded on a 1.5 million share float) Since then, there has been a gradual decline in price and volume as other wanting out to take their instant profits from the reverse merger, have sold to those of us that think this will be a good investment. Now, the RSI is still almost 50, and the MFI - Money Flow Index - is still BULLISH, over 50, showing that accumulation is still happening here. The tiny volume shows that most shares are now being held...
As we can see, the daytraders hit this hard when the reverse merger NEWS hit, causing more than 100% of the float to trade in the first 2 trading days.. (over 2 million shares traded on a 1.5 million share float) Since then, there has been a gradual decline in price and volume as other wanting out to take their instant profits from the reverse merger, have sold to those of us that think this will be a good investment. Now, the RSI is still almost 50, and the MFI - Money Flow Index - is still BULLISH, over 50, showing that accumulation is still happening here. The tiny volume shows that most shares are now being held...
Bullish
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