It was way off, but I think it tells us this stock is strong. Here's what we had today:
Buys = 163,600
Sells = 7,666,064
Even = 754,500
This was one of my main points of interest with todays trading. Buyers were lined up deep and strong at .0032 and I knew there would be no way we would get below that. Buying at the ask was so limited today, but support at .0032 just wasn't going to be broken. If you look at the chart for the past seven to ten days you can see that our support is steadily increasing.
Supply is somewhat limited and it seems that the choices for accumulation are to bid sit for a long time or buy at the ask. These past two days indicate an upward trend reversal is beginning. Tomorrow should hopefully give us confirmation of this.
Without knowing what all of us know, today's trading could seem like a bad day. It told me we're on solid ground and ready to go!
GLTA
My posts are my opinion only and are based solely on the opinions of my opinions.