Feb. 24 at 6:33 PM
$KNRX It is likely that between 10:00:21 and 10:00:25, when the price dropped from
$1.20 to
$1.01 in just 5 seconds, a stop-loss raid occurred, after which the price rapidly bounced back. During lunchtime, these stop-loss raiders (if they are not short-sellers trying to cover via stop-loss triggering) may have sold those shares, with a probable ~10% gain. If that is the case, they may have forgone higher potentials. Last Thursday, with significant volume, it hit
$3.44, not far from the IPO price of
$4. The pullback since Thursday's AH has been driven by low-volume trades, suggesting consolidation rather than distribution. Based on the VRVPs and VWAPs, strong hands likely constitute the majority of holders. Advances with high volume, followed by pullbacks with low volume, generally indicate a bullish sentiment. Therefore, the probability of topping
$4 appears to be not negligible. Watching curiously to see how it proceeds. (not advice, just observations and probabilities)
