Thanks for your replies. My response follows.
It's a chart thing. Some have pointed to the low volume of MVNT and that is definitely something that should be considered when trying to interpret any chart movements. Most chart analyses are backwardly looking in any case.
My positive interpretation of 4 consecutive closes at or above $.018 is that it could signal a trend change from declining to advancing. Only time will prove this either true or false. It could also mean that a new long-term bottom is in at $.01 on April 17, 2024. Again, only time will prove this right or wrong.
One can always have a negative outlook for MVNT, especially if one only considers the ONE huge rally MVNT had back in May of 2021. Not much has happened since then except for the recent remarkable rally that MVNT had from a low of $.003 in March 2023 to the recent high of $.033 in Oct. 2023. I say remarkable because that was a potential gain of 1000% from the low to the high in about 7 months and with very low volume as well (the highest weekly volume during that period was less than 1.5M or less than 300K per day!)
I surely can understand all the complaining and carping during this current downturn (since Oct. 2023), but if one takes a longer term perspective on MVNT (3-5 years for example), one can see that enormous gains are possible for this ticker. Maybe this helps to explain my somewhat more positive near-term hopes for MVNT. If MMs stop standing on our necks, who knows how high MVNT might go before the next good material news is released.
Waiting for Movement 3.0 to begin (or maybe it already has - LOL).
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