Classic example of accumulation illustrated there. Seen it before and last few times has resulted in a higher SP after a few days when they have bought how ever many they want.
Even better that they could bounce it back off $1.50 forming a bit of a double top as this will scare a few more. Happy to be proven wrong as I will pick up more on lows but I think once it breaks $1.50 it will be off.
DYOR
SLE
