Blue bars note the activity of institutions & algos. Yellow bars with "R" below note heavy pockets of retail sell chasing activity, and vice versa for yellow bars with "R" above. They are called RAMBO price patterns: "Reversal of amateur breakout." Horizontal lines of varying thickness: Notable pivots, the thicker the more important. Green Background: Demand Zone/Support area Red Background: Supply Zone/Resistance area Buy "warning" - print when a key pivot breaks to the upside in a demand zone - shown by timestamped dotted vertical green lines Sell "warning" - print when a key pivot breaks to the downside in a supply zone - shown by timestamped dotted vertical red lines Thin red lines: notable trailing stop levels of pro shorts Thin green lines: notable trailing stop levels of pro longs
5/26 to 5/31 pro activity near the lows in the mid $20s along with twin exhaustion price patterns (red dots), including one that was triggered by their activity 5/30.
Then 2 strong long signals:
1) Bullish divergence (blue dot highlighted with white up arrow) 6/1 2) Buy warning followed by pro activity just under & over the 200 ema (aqua line) 6/2
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