Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

Move over 0.18 one BIG volume. Breakout was on 500k shares in 5 minutes. Nice squeeze. There is a 100k bid at 0.185, that can be taken out in a heartbeat though.
Im guessing a possible retrace to 0.181
Most of the buying was mechanical imo.
Orders were big sized buy blocks in the range of 10k, 25k some even larger. This indicates big players and not retail.

Check google finance chart with 20 50 and 200 sma to see what happened.

If we close above 0.18 we have broken out of AND CONFIRMED the breakout of the daily 200 sma

in short

WHEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!


added: 180 bid just showed up at 0.187 WE HAVE SOLID SUPPORT!
100k at 0.185 150k at 0.187 and then the 500k shares that switched hands at 0.18 break that wont be sold easily since holders havent lost enough money on em to motivate a sell.
With a bit of luck 1 million + support at the 0.18