InvestorsHub Logo

Mcfish

09/19/22 6:46 PM

#116088 RE: MeghanStar #116087

Very articulate Megan

XenaLives

09/19/22 7:36 PM

#116097 RE: MeghanStar #116087

Hmmm... so by definition that means that the "powers that be" are going to have a very hard time getting more than the 25% they have now.

That 30% isn't going to give away the goose that laid the golden egg.

What was 70% "other" retail is now down to 45%. (30% LT retail+25% institutions that want more leaves 45% vulnerable retail) Look at what they've had to do to get that 25%.

IMO odds are that they won't get more stock without a big run to the up side. Then they will try to shake out some profit takers.

The first daily chart shows a strong band of support (VBP bars) at this level which has held through two prior dumps. We are at the higher end of that band now and I expect it to hold.



Second daily chart shows that strong VBP support at the two prior lows has developed, reducing the chance that they will get anything if they try to pull it down again. Also note that volume has declined. Distribution as indicated by AccDis indicator shows that it has leveled off with a slightly increased effort in September which is less than the July effort.



Third daiy chart shows that the 50 day SMA is overtaking the 200 day. Another sign that the shorts are running out of rope.