Koil Energy Solutions Inc. (KLNG)

[xZx]

MFI peaks and troughs vs price levels ~~~>

many of us have seen this same stunt pulled at least half a dozen times over the last year. just look at the vertical dashed red lines on the chart below. imo this is where the newbies always get fleeced, and it doesn't have to happen.

i think it's important for traders to pay some attention to fundamentals and the calendar. understand the business model and when the peaks and valleys will happen. selling during christmas vacation and new year's? that's not very wise imo.

i suggest they stop looking at the chart exclusively. sure, it's a great way to know where you've been, but it's not a crystal ball, and many times it will convince those who aren't watching money flow to sell at the bottom, right before a run. again, this is jmho -- but notice how history has repeated itself.

here's an annotated chart that shows how the ask-stacking and other manipulation we see on level 2 has resolved itself many times before. basically, "it's always darkest before the dawn". when we hit that low in mid-december, you'll see the MFI was, and still is, going higher: