Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

We have been steadily trading down. Thats when most of the sellers dumped their stuff. Right as the moving averages we saw some additional selling repeatedly
There are just so many shares in the weak hands so those will eventually run out. So when the stock shoots up a bit there wont be sell orders there. Those will be(and are now) coming in.
It is just a matter of time before the buying volume will be greater than the maximum selling volume related to weak hands can produce.
None the less there are more than enough people that want the stock in a range so there will be ample selling pressure.

But again the main idea is to transfer the bulk of the shares from the sellers to the holders. When someone buys low they wont feel anxiety as much as someone that bought high when a price drops a bit.