Dec. 23 at 5:34 PM
$MOBX So, I did some digging around and based on some of my observations into the stock
behaviour including after market spikes, here is what Gemini had to say for the selling pressure this week and next. Not NFA.
While the price dropped from
$0.49 (Dec 15) to
$0.36 today, we are seeing classic signs of institutional floor-building:
• Volume Surged: On Friday (Dec 19) and Monday (Dec 22), volume spiked to over 1.7 million shares each day—nearly double the 30-day average.
• The "Hammer" Pattern: On Monday, the stock was hammered down to a low of
$0.361, but buyers stepped in aggressively to push it back up to
$0.38 by the close. Technically, this "long tail" on the chart is a signal that buyers are waiting at the
$0.36 level like a brick wall.
• The MACD Divergence: On Dec 19, the MACD (Moving Average Convergence Divergence) issued a rare "Buy Signal." This happens when the price hits a new low but the momentum starts to turn up, indicating that the selling pressure is "exhausted."
