Replies to post #7663 on Energy Finders Inc (EGYF)

[papaphilip]

That is very true. But why is the bid up there if those are all sells? MMs must know something is coming and they're accumulating. That's my take.

[Citrati]

So you are saying todays pressure was selling pressure, yet the price went up. Yeah, that makes sense.

https://stockcharts.com/h-sc/ui?s=EGYF&p=1&yr=0&mn=0&dy=1&id=p67088548838

You will probably need a stockcharts account to view the linked 1minute chart.

OBV shows buying pressure. Volume bars on same 1 minute chart are all green. CMF shows buying since 11:15am. Accum/Dist shows buying.
Price movement is a function of supply and demand. Price went up. Therefore demand side (buying) dominated today.
LOL, your conclusion was selling ruled the day.

[papaphilip]

Hope you approve of today's ratio of buys to sells thus far. As was already implied, price increase is more indicative of buying pressure than which side of the ledger the transaction is on.
https://ih.advfn.com/stock-market/USOTC/energy-finders-pk-EGYF/trades?pid=trades&symbol=USOTC:EGYF