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hotmeat

06/05/25 8:22 AM

#188982 RE: WALLnut #188981

Technical analysis is essentially useless on the OTC.

The buys that put us over the 30 day MA are minimal 100-200 shares purchases likely made to prop up the pps during this low Vol period.
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hotmeat

06/05/25 10:49 AM

#188983 RE: WALLnut #188981

A/D is the only Technical I'm interested in since it provides an actual purchasing/selling trend by investors over a specified period.

Note that depending on the level of IntraDay Shorting carried out by MMs (to create faux liquidity) this can somewhat skew the A/D trend line so that short data should be factored into its analysis.

The Chart below appears to show "modest" accumulation taking place but I'm personally looking for a repeat of the trend line from the period June-July 2024.