Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

Volume is too low to trade this small a spread. So its not that.
These are iceberg orders. Very large orders split up in 100 share chunks to allow for accumulation (or distribution) without moving the price.
If a party would want 1 million shares they could slam it into 1 order and driving the price up like crazy. So thats why bots are used to buy/sell in small bits.
Often there are pauses and there is waiting for certain triggers such as moving averages, technical indicator signals and what not.
Regarding the up trend... we are right at resistance now including the 200ma on the 5 minute chart. That needs to turn into support first before we could even start an uptrend
On the hourly we are below both the 50 and the 20 ma.
Daily is looking sexy, only the 200ma above us, rest is about a cent or 2 below us.
But with this low volume all the short intraday support and resistance lines are kinda useless.

btw connect the highs of today and the 2 previous days. (on daily chart) Monday will be of interest, upmove or down a cent to support and then bounce.
Might even see a slam down over the moving averages to shake stops out and to scare people out of shares. Keep in mind earnings MIGHT be in 5 trading days.