Replies to post #57633 on Movement Industries Corp (MVNT)

[chemist72]

I use accumulation/distribution chart data.

Below is link to MVNT A/D line from barchart.

You can interpret the chart yourself, but I see a slow steady increase in accumulation since about 12/15/2021. However, the past 4 days shows a dip in accumulation, meaning more selling than buying. This can be entirely attributed to the decline last Thursday to $.0088 on "heavy" volume of 2.4M shares. Since then the A/D line has been absolutely flat.

https://www.barchart.com/stocks/quotes/MVNT/technical-chart?plot=BAR&volume=total&data=DO&density=H&pricesOn=1&asPctChange=0&logscale=0&indicators=ACCUM&sym=MVNT&grid=1&height=500&studyheight=100

[Adjustedtosteep]

Yeah, there are indicators that give you that info, but thats all based on numbers. Someone has to buy every time a sell order comes along. And right now there are folks who are bailing, that's because they have found a more attractive place to put their money. Quicker bucks. The OTC mentality is where can I make 30% tomorrow.
I do that too, but this one's different. If you research the man, I;m betting on him
Today's short numbers were very low.