Technically, your sign that dilution is nearing its end has a lot to do with HMBL's recent bid building.. Today's order flow represents a shift in sentiment & is accompanied by related mm activity. After Wednesday's close, on low volume, approximately 20 mil shares sat on the bid at market close (with volume on the ask at roughly 3X that). Continued doubts about HMBL's ability to hold support were in play just 24 hrs ago! And all of this was the result of days & days (about 3 - 4 weeks) of declining bid sizes /re-builds around the key (.0008 & .0009) level(s) - A similar (like) process was also employed after the prior (Sep) drop). Finally notice that HMBL's chart shows the same duration of time spent testing support at this level.. (as compared to the September drop). Per the latter, a good 3 to 4 weeks elapsed before reversing higher. The same amount of time has already been applied to HMBL's most recent price action. And with all else basically remaining equal, (i.e. Consider the actual chart pattern(s) [Sep & today] on the 1 Yr Daily are virtually identical ), we can use this logic, along with technical analysis to help pinpoint when certain events, such as a possible reversal higher, might take place.
All of this usually matches-up well with what the oscillators are showing. The latter contributes by using various inputs (i.e. historical prices) to help determine if a security is overbought or oversold. Tools like RSI, Stochastics, &TRIX utilize different inputs (i.e. weighted averages) to produce signals that help us to forecast future price action -(i e. how long a stock might spend testing its lows.
HMBL example using TRIX oscillator- (i.e. TRIX 1 day - Currently below zero line/considered oversold; TRIX 4 hr - below zero line/Considered oversold.. But curling back up towards the zero line) . By looking at a piece of information like this & applying it along with other measures, I can comfortably say that I believe HMBL will reverse higher imminently. GLTA
of course by the time i finished writing this, HMBL lost most of it's bid. Go figure.. lol. 🙄You might be right about it hanging down here for the next couple days..
Bullish
