Very interesting to see the way the chart is getting set up these past several days.
Right after the mini golden cross that was formed, the stock was walked down to bring the cross back the other way, using low volume to pull the 50 back on par, or below the 200. Once the confirmation candle hit the close, the walk began accelerating - again, on low volume.
Each time the price has been pushed down, the stock has been getting bought up rather than seeing an avalanche of panic selling, signaling that silent snipers are bidding small lots and/or picking off shares. This is a great sign of strength in the sentiment. The stock is not getting pulled down, with organic selloffs to follow.
The past few days, specifically, there appears to be a painter in the mornings, helping to draw the chart. Small taps hit the ask, creating a large candle, instead of one signaling a small range. After the ask is hit by a small block, the price declines, creating a bearish candle, showing outsiders that the longs got the price to the high of the day, but the bulls couldn't hold up against the bears. Hit the mid 90's one day, then drag it down; hit the mid-80's the same way the next, then drag it down.
What does that show? A manufactured picture of lower highs on the chart, enforcing the downtrend. Couple that with the manufactured bear candles, and it does not look pretty, especially after being walked down on low volume below the 50MA and 200 MA. This can steer away bulls looking for charts. This also serves to keep new competition for shares away in order for people to load the boat and/or cover.
Pretty "ironic" this is happening leading up to the 2/1/19 BOD integration, with the 8k known to follow. I am wondering how Rene is going to play this - if he is going to file on the first, or if he is going to let it lapse for a few days/weeks, and then update right before releasing the 8k.
Either way, it is interesting to see the stability in sentiment, watching people load the downtrend, in fairly calm fashion, while the company works behind the scenes. InMed revenues are now TRON's, so the update and 8k happen when they happen, and the income stream hits Toron's bank all the while.
It also would not be far-fetched to see a strategic campaign set up beginning with the 8k and InMed finalization. Announcing the 8k has been filed, with a few other updates within the same PR, would get a lot of eyes on the official filing. Then, if there is another acquisition already in the works, after proving it with the 8k and disseminating that info to the investing public, any update or word on a second acquisition could be rocket fuel.
The 8k would be proof of the deal closing that was mentioned in the PRs and CEO letters; and with such proof, trust and enthusiasm would be very strong going into the anticipated arrival of a second deal. Word is going to spread. People are loading until it does, and some may even be painting the chart to keep competition away while finalizing positions and/or covering. This is going to be an exciting year or two.
Right after the mini golden cross that was formed, the stock was walked down to bring the cross back the other way, using low volume to pull the 50 back on par, or below the 200. Once the confirmation candle hit the close, the walk began accelerating - again, on low volume.
Each time the price has been pushed down, the stock has been getting bought up rather than seeing an avalanche of panic selling, signaling that silent snipers are bidding small lots and/or picking off shares. This is a great sign of strength in the sentiment. The stock is not getting pulled down, with organic selloffs to follow.
The past few days, specifically, there appears to be a painter in the mornings, helping to draw the chart. Small taps hit the ask, creating a large candle, instead of one signaling a small range. After the ask is hit by a small block, the price declines, creating a bearish candle, showing outsiders that the longs got the price to the high of the day, but the bulls couldn't hold up against the bears. Hit the mid 90's one day, then drag it down; hit the mid-80's the same way the next, then drag it down.
What does that show? A manufactured picture of lower highs on the chart, enforcing the downtrend. Couple that with the manufactured bear candles, and it does not look pretty, especially after being walked down on low volume below the 50MA and 200 MA. This can steer away bulls looking for charts. This also serves to keep new competition for shares away in order for people to load the boat and/or cover.
Pretty "ironic" this is happening leading up to the 2/1/19 BOD integration, with the 8k known to follow. I am wondering how Rene is going to play this - if he is going to file on the first, or if he is going to let it lapse for a few days/weeks, and then update right before releasing the 8k.
Either way, it is interesting to see the stability in sentiment, watching people load the downtrend, in fairly calm fashion, while the company works behind the scenes. InMed revenues are now TRON's, so the update and 8k happen when they happen, and the income stream hits Toron's bank all the while.
It also would not be far-fetched to see a strategic campaign set up beginning with the 8k and InMed finalization. Announcing the 8k has been filed, with a few other updates within the same PR, would get a lot of eyes on the official filing. Then, if there is another acquisition already in the works, after proving it with the 8k and disseminating that info to the investing public, any update or word on a second acquisition could be rocket fuel.
The 8k would be proof of the deal closing that was mentioned in the PRs and CEO letters; and with such proof, trust and enthusiasm would be very strong going into the anticipated arrival of a second deal. Word is going to spread. People are loading until it does, and some may even be painting the chart to keep competition away while finalizing positions and/or covering. This is going to be an exciting year or two.
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Do your own DD. Assume everyone here is either an amateur trader/investor or a paid interest such as a compensated pumper/basher. My posts are strictly for entertainment purposes. I am not on Wall St., do not work for a group, and only get paid when my personal investments materialize. I am only responsible for my own gains and losses; no one is to blame for my mistakes or for any advice taken from postings; likewise, I am not to blame for any advice you take of mine, regardless of gains or losses from doing so. Good luck to all; may you live long and prosper greatly.
