Furthermore, there's also the current situation that most buying at this level could be for long term, imo.
The spectacular and steady price rise may have attracted them. On Youtube, the rosy short term and long term share price projections are impressive, luring to folks of modest income.
I don't believe at this level day trading or traders have much of an impact. Actually the charts are clear this stock is not good for short term trading and traders.
Many are expecting a serious correction. Some think this is "manipulation", a "conspiracy" and think this is not "real".
After such a rise, many are used or accustomed to see a "sharp fall" as is more common in share prices... and the Charts look "convincing". Visuals are always more powerful and impressive than the ability/knowledge to delve into time consuming T/A of Charts, and, Fundamentals for a better understanding and perspective.
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