Mullen Automotive, Inc.Pembelian
MULN:An Examination of Buying and Selling Pressure at New Highs.
Notice above avg. buying volume increases at new highs followed by above avg. selling volume (White circles). The volume on continuation highs were not followed by above avg. selling volume (Green circles). My conclusion is shares are being absorbed from weak hands. Once the CO has accumulated the desired amount of the float the price will continue higher to absorb liquidity between $4 - $6.
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