Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

All it tells us is that the movement we are seeing is not with real vigour.
we had a 50% retrace from the top and the OBV didnt budge

OBV is calculated as following

if a day was an up day we ADD the total volume to the sum
if a day was a down day we DEDUCT the total volume from the sum

So what we see is a biiiiiig volume add on july 1 and the 50% price retrace led to a whopping 3 million deduction. Whoopy.

As long as OBV is sexy there is nothging to worry about.

the more weak hands fall out of the stock (what happened on the 50% retrace) the stronger the urge to hold becomes. Meaning that in the near future the only way volume will affect the OBV will be by addition, since sellers are running out.