"but I think major accumulation is underway." BIAS AT WORK!
This is the way tha bias works!, the expected (wanted)result is known, so the alleged evidence works around to get there. Better if one says "feel", cause "think" implies some kind of objective evidence.
There is ZERO evidence by any indicator (price, TA, sentiment, trend, insider activity, institution activities) that there is "accumulation" forget a "major" one.
So far, the only evidence is of MASSIVE DISTRIBUTION begining with the waksals $150M plus dumping, MerckKakg complete disbursement of its 3%, a huge price drop and stampede and TA indicators super oversold (and oversold does not mean more oversold is not on the way), analists on the run (after the fact) and Bmy desperately asking for the 3 year chain lock to be removed and freedom to SELL (dump).
The only positive sign is Avalon upgrade from "Sell" to "neutral", and Ican "intentions". |
