Normally, when we see a stock with a huge buy depth and very minimal sellers, there's an inclination for most to buy up, especially when the market cap is low and and the stock has plenty of potential to rise.
However, we've seen lately that the buy depth is almost strategically non-existant, with plenty of orders in the sell column. Naturally, this gives the impression that this stock is dead and no one wants to buy. Yet there seems to be constant transactions between 1.5c and 2.0c. Saying that, I believe there's presence of some strategic buying and accumulation.
I believe once all accumulation is done. Then we will see a huge reversal in buy / sell depth. There are big buyers watching this stock, I believe they are just patiently waiting for the nervous nellies to keep drip feeding down.
Once again, our market cap is only $3 million.
Above IMO only
MNQ Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held