Jun. 29 at 10:52 AM
$MREO Mathematical Analysis of MREO’s On-Balance Volume (OBV)The (OBV) indicator acts as a running total of cumulative market volume. It adds volume on up-days and subtracts it on down-days.When analyzing MREOcurrent compression, the OBV line reveals a clear bullish divergence, confirming that the stock is undergoing heavy institutional accumulation rather than distribution:The Price Behavior: The stock price has slid from its historical highs and is moving completely sideways. It is locked inside a strict horizontal wedge between
$0.26 and
$0.32.TheOBV Indicator Line: While the price remains flat and boring, the cumulative OBV line has steadily moved upward.The Technical Verification: BecauseOBV rises while prices remain flat, it proves that the volume on green days is significantly higher than the volume on red days. Large funds (like Rubric and EcoR1) are soaking up shares quietly. They buy on up-days but completely step back on down-days to avoid pushing the price higher - NFA