Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

There are special end of day orders. These can be particularly vicious. Mostly used by funds wanting to dump/buy at the very last moment to not wake sleeping dogs. But they are also very nice to manipulate the closes. Most charts look at the closes, most indicators do as well.
So if a stock trades flat the entire day and spikes to 0.12 on minor volume the very last second of the day then all you would see on the daily chart is the big green 20% gain. It will mess with stochastics, moving averages, people will think that it was a pivot point and whatnot.
Thats why you need to check intraday on big gains.

http://rt0.c.prorealtime.com/ProRealTimeNew/tmp/img_12469975361084.gif

making a big low AND a big high in ONE 1 minute candle. Thats market makers for you.

Anyhoo they painted the close as if mesa closed at the HOD. Strikes me as that the MMs are done loading and want to ride this stock higher.

http://rt0.c.prorealtime.com/ProRealTimeNew/tmp/img_12469977780559.gif