So,the blue areas are selling areas. Every time the price one of those areas the price drops. For every seller there needs to be a buyer. So then that red highlighted area is were shares are accumulated until there are no more sellers left. Price is reaching a monthly demand area. Who are the buyers? Why are they accumulating? And what do these buyers know?
Lets see how the price reacts to the monthly demand area...
Note
ETON share price dropped AH on expected FDA news on 8-6 (although the IR presentation shows 11-6). Lets see where the price is going next weeks. Expecting it will go to the 5.15 area.
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