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SooS416

07/19/19 9:05 AM

#19830 RE: Mund #19828

Shares are getting scarce, you could tell with the bid/ask spread getting larger and the need for MM's to flash crash in order to cover in the bid.

When you get this types of moves with a lot of volume on the ask it can cause the MM's to have trouble rebuying the shares on the bid.

Yesterday's close was very telling as massive buying happened to push the price to .015 and then a "large" sell into the bid getting it back to .01 for literally a minute before it was right back at .015 for the close.

Will be interesting to see how the end of the week plays out as it has consolidated a couple days above .01 after a large move on Monday.

Any close above .01 is vert bullish as the 10sma has been holding support, close above .013 and this is setting up for massive continuation next week.