wash trading would not be Dilution. Wash trading maintains volume in a stock with no real change in price action. For example, I can give the impression of volume in a dead stock by have 2 accounts.
dilution appears in the form of a wall which cannot be overcome or by hidden orders. The usually have a significant amount of volume.
This is clearly, those who got in from the sub pennies pulled profits.
if anything, yesterday afternoon looked like wash trading, to maintain the PPS into this morning for the next leg. The next leg didn't form, the wash trader sold.
Squeeze the orange, then squeeze the peel. Try to juice it as much as possible.
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