Trade Alert: SKVI Obvious Accumulation – Consider this a Break-Out Alert
OTCBB: SKVI
CHART FROM YESTERDAY SHOWS THE SLOW, ACCUMULATION
Trade Alert: SKVI Obvious Accumulation – Consider this a Break-Out Alert
If you are watching SKVI as many of our members are, you will note obvious accumulation in the market right now.
For example – today in just a few minutes of trading 100,000 shares, mostly between the bid and the ask. There is just one ask at .169 until .20, then .21, and .25.
I have done this a long time. It shows me someone believes in the stock and is trying to quietly gather up as many shares as possible in anticipation of good things to come.
The obvious goal of someone accumulating like this is to draw as little attention as possible, and get as many shares as possible without moving the price upward. Get ready – this is usually a precursor to a complete break-out.
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