Looks more like bottom accumulation to me. Which is also a good indication in some cases.
Think of it this way. Someone buying large at low prices could eventually cause a manipulated run to sell those shares for profits later. The thing to keep in mind is are the shares accumulated big enough to cause a large run. Is the entity involved big enough and determined enough?
Bottom accumulation can be bottom fishers, insiders pre darkside play, or a trading group. Bottom fishers don't create runs, trading groups create pops and insiders wait for VCs to act. So buying because of accumulation is high risk. You don't know who is involved. That's why I say play after, not before breakout. But accumulating a small starter position it not the worst thing one can do. In most cases worst case is tying up cash and possibly taking a small loss if play doesn't come to be. Basically you become a small bottom fisher.
Pro bottom fishers divide up their portfolio in 5 to 10 bottom stocks and hold for a bounce. If done correctly 2 out of 10 pops can produce overall gains to ones portfolio. It's all in the numbers and how tight you plan your trades. But it can be a successful trading style.
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