Where are the sellers?
That pressure is quite low on this weekly chart with what looks like some significant demand strikes as it came down. Were they accumulating? Was the CO buying up the losses that came out of the weak handed holders who were scared out? Did all of teh retail traders listen to all of the doom and gllo news headlines and decide they would sell at a loss just to preserve whatever capital they had left?
lol.. As of right now and of this weekly chart, surely does look like it.
Of course, this is not financial advice and just an opinion.
That pressure is quite low on this weekly chart with what looks like some significant demand strikes as it came down. Were they accumulating? Was the CO buying up the losses that came out of the weak handed holders who were scared out? Did all of teh retail traders listen to all of the doom and gllo news headlines and decide they would sell at a loss just to preserve whatever capital they had left?
lol.. As of right now and of this weekly chart, surely does look like it.
Of course, this is not financial advice and just an opinion.