A trading pattern that doesn't reflect the natural market forces of supply and demand.
Prior to the referenced SEC maneuverings, we had a case of many OTC outfits hosting a management team proceeding in ways that invited egregious abuse. Daylight robbery. Market level trapped in the cellar. Unable to advance. A case of managerial incompetence coupled with MMM.
Looking at the SPNG graphical, the recent run-up, we have three stark instances of a new base having formed. Seen here...
The associated volume spikes. The money flow. Simple metrics of supply and demand yielding what would be expected. The massive buy-side. The significant upside. No evidence of egregious abuse. None. No wanton creation of phantom shares no end.
The trading pattern reflecting in line with all being well.
But the massive buy-side in the absence of the significant upside? Volume spikes? Money flow reality?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.