RE:RE:RE:500 share orders are backHas anyone ever posed the question regarding the bizarre trading here to IR?
It gets even crazier looking through the mess of GMT's acquisition/disposition filings I saw one as low as $17 and quite a few stupid low amounts like that
Whoever is behind the shenanigans hopefully they notice the technicals are indicating the floor is in with increased volume this week and looks a lot more convincing this time than when we were at .30
-a close over the curling up 10 DMA on Thurs was the first close over it since Jan 29th
-a close at/over the middle bollinger 20 DMA on Friday
-the lower bollinger flat & starting to curl up
-all the momentum indicators rising out of the ashes especially RSI & Stochastics breaking previous lower highs after registering positive divergences from the week prior
If stockcharts goes back to their default chart or to see the chart larger in it's own browser click the link below
https://schrts.co/crBojU Personally I think it has to be a bot but am bewildered as to what is going on and for such a long period of time ...I notice on the tape the '500 trader' finished his/her/it's day early on Friday as they came to a halt at 13:59:46 ..did the bot have to get to the bar by 2:00?? then 15 minutes before the bell a few rare normal trades with the last trade of the day another '500' to up tick to our highest closing price in 12 trading days ... was that the bot telling us we go up from here?
I don't watch Level 2 much on this ticker but did on Friday (as I added a few shares to my stash) I did notice the Market depth on the bid side increased substantially since the last time I looked with the Buy vs. Sell about even but slightly tilted to the bid .. last time I looked the ratio was around 1 to 3 .. this coupled with the improving/bottoming imo chart was my biggest prompt to add and average down a little more
One last obseration and I don't know if there is anything to this but we lost the $100M Market Cap below .22 ... I've heard certain institutional investors would have rules to get in/out at that threshhold ...March 28th did abruptly drop us .22 -.19 on nearly 2.5 times 30DAvg
It may be worth watching that level for increased volume if they pile back in ..maybe we saw a taste of that on Wednesday's 6X 30DAvg volume when we touched .22 but that was also the day gold spiked to 1369 making it hard to qualify that theory
Hate to see the tensions in the middle east but our bot / human / dog / alien may be about to lose control
Got Gold?