Post by
Carbonbull on May 06, 2024 11:55am
Tight range reflects a new shareholder base
The price action over last couple of months reflects new participants in the market , you can see the ALGO accumulationin the bid stack, a double edged sword as you can also see the offer stack reflecting ALGO trading. It wont take long for the accumulation camp to find a new price level reflective of VLE performance , in my opinion we should see a $7 handle over the summer months all things being equal ie oil curve stay between $75 and $85 .... abreak either side will lead to new levels .
As always only my opinion ( which is often wrong) do please conduct due diligence on your own before trading.