Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

Been watching intraday 5 minute and 1 minute religiously for the passed few days.
Seems most action is automated. So often when an importan MA sucht as the 50 ma on the 5 minute chart is about to hit the current price we see the same actions over and over.
Minuted before a floor is added of for instance 180k shares at bid. Then another bid is set above it. Then momennts later a ceiling is put in often on a lower amount of shares (for example 56k shares).
Then the MA hits the price and we see a technical battle.
As I see it now we are riding the price down, but the stock is at MASSIVE daily support
Problem however is that a number of techincal indicators are not showing a buy as is.
Stochastics for instance are not a buy as is
http://rt2.c.prorealtime.com/ProRealTimeNew/tmp/img_12473083269001.gif

RSI is trending down
MACD is slowing its advance.

The 10 minute chart shows mixed signals as well
http://rt2.c.prorealtime.com/ProRealTimeNew/tmp/img_12473083782645.gif
Notice how the stochastics can move from overbought to oversold without the stock budging more than a cent or so. This is related to the lookback period of 12 units.

What worries me a bit is the steady, near paralel movement of the moving averages.

We need some tailwind, some news, because if most action is automated, then that could mean more downside. But again, updays are on higher volume than downdays. We are at support, overall market is showing weakness.
When are the earnings expected ?

Another thing of interest although im quite certain that im just seeing things: as in not a real signal

Check weekly chart seems like an inverted head and shoulders
not to mention the price being at support

http://rt2.c.prorealtime.com/ProRealTimeNew/tmp/img_12473087952802.gif