In today’s Ekovest selldown, it is logical for one to assume that sellers are more than buyers.
However, a closer look at the Volume Distribution Chart shows otherwise.
Buyers are in fact more than sellers at all tiers. From ikan bilis <15k big="" shark="" the="" tier="" to="" up="">150k tier, buyers are more than sellers.
Especially at the big shark tier (>150k), it is the most evident of all, where the buyers (BU) have outnumbered the sellers (SD) tremendously.
What does this mean?
Are the big sharks selling down Ekovest? Or are the big sharks the ones who are so-fakingly pressing the price down, and then buying in tremendous volume?
Humans can lie, but charts don’t.
A point to ponder over this weekend, before coming Monday’s V shape rebound.
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