As we can see, the daytraders hit this hard when the reverse merger NEWS hit, causing more than 100% of the float to trade in the first 2 trading days.. (over 2 million shares traded on a 1.5 million share float) Since then, there has been a gradual decline in price and volume as other wanting out to take their instant profits from the reverse merger, have sold to those of us that think this will be a good investment. Now, the RSI is still almost 50, and the MFI - Money Flow Index - is still BULLISH, over 50, showing that accumulation is still happening here. The tiny volume shows that most shares are now being held...
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