How is it being dumped at .000001 ?
How many shares traded there?
I've bought at .000001 before, trying to buy at .0001
It is a interesting occurrence but rare.
MM's always trade that level to lock in closing prices which affects
all algos and charts. Important time periods being, 4 hour, daily, weekly etc.
They have been doing this for the last 10+ years.
I'm surprised anyone even mentions it now.
Computers trading between themselves is not relevant to
the long term outlook for this security.
If you are bearish you shouldn't be posting on this board, since
there is no downside except the same downside for every single
trade executed [0].
In a stage one base all you see is trading between the range, for many months,
maybe years. This security isn't just going to magically rally because the masses
here have feelings. It takes a definitive amount of shares being bought, and held,
before MM's will even think about allowing it to run.
Thankfully we are at month 31-32
with 23bil + traded, and more recently a 11bil vol spike.
Thankfully the volume build here shows that progress.
One would have to be blind to ignore it.
High volume = accumulation or distribution.
Either this R:S and goes towards 0, or it rallies really high
once the overhead supply [offer. ask] is taken out.
Bullish
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