Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

I cant imagine that resistance really means something when it trades at a mere 4million average. That would mean about $540.000 traded per day.
When someone wants this down it WILL go down IF they have the shares to do so.
A 200.000 shares at bid will be taken out in a heartbeat.
But since this stock has been under accumulation for a while now it is my guess that the shares are held tightly by most of the people that make up the float.
The supports and resistances are merely cosmetics to indicate tradabel ranges, but with these volumes they are EASY to take out.
Currently the price is above the moving averages on multiple timeframes and it is likely that the MA's will "carry" this stock up. Expect sine like fluctuations untill a pattern emerges.
OBV has been stairstepping up so that kinda confirms trend (though i reckon we cant really speak of a trend as of yet.. needs more time).

I just hope that we take it slow. Much better to have this creep up in the shadows up to the point where people get scared witless due to possibly missing this play. THOSE are the nice spikes.