This whole market is creepy as hell right now IMO... Seems like every MM in the book is looking for, and getting red every day. Better off just waiting until they cannibalize each other, which will ultimately happen.
Correct! The chart is not broken down. Trader’s Behavior 23 days ago, when the stock price was 0.0061. Since then SIML has risen by +550.82%.
The market moves in an uptrend. The first white body reinforces this view. The next day the market opens higher via a gap, showing that the bullishness still persists. After this very bullish open, bears decide to take the lead. The market plunges toward the close, prices start to go down resulting in a close way below the previous day’s close. Now the bulls are losing their confidence and are reevaluating their long positions. The potential short sellers start thinking that new highs may not hold and perhaps it is time to take short positions.
Majority has been market maker activity. Accumulation of shares for the next move up, which makes the next advance more stronger. I suggest buy with the market makers and STAY LONG!
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